NC H1139

Adds plug-in electric vehicle components to the definition of "renewable energy property" for state tax purposes, including devices for energy storage, load management, metering, and energy recharging.

Provides a 5% research tax credit for expenses related to research conducted on plug-in electric vehicle components.

Establishes a 25% tax credit for taxpayers that construct, convert, or expand commercial manufacturing facilities for plug-in electric vehicle components in North Carolina.

Requires the 25% facility credit to be taken in five equal annual installments beginning in the year the facility is placed in service, with the credit expiring if the facility is disposed of or taken out of service.

Sunsets the plug-in electric vehicle component facility credit on January 1, 2017, for facilities placed in service, converted, or expanded on or after that date; effective for taxable years beginning on or after July 1, 2012.