NC H903

Creates a new "port enhancement zone" designation for areas within 20 miles of a state port that meet specific economic criteria, including at least 11% of households with incomes of $15,000 or less and among the 25 lowest average weekly wages in the state.

Limits port enhancement zones to no more than 5% of a county's total area and requires county application to the Secretary of Commerce for designation, effective until December 31 of the following year.

Provides tier one tax credit treatment for jobs and business property investments located in port enhancement zones, making them eligible for the same incentives as development tier one areas.

Includes wage standard exemptions for jobs in port enhancement zones and increases job creation credits by $1,000 per job, with an additional $2,000 per job if filled by a zone resident or long-term unemployed worker.

Effective for taxable years beginning on or after January 1, 2011.