NC H795

Allows owners of residences in North Carolina a tax credit against income tax equal to the lesser of $5,000 or the actual cost incurred for construction or renovation that improves conformity with Chapter 11 of the North Carolina Building Code (accessibility standards).

Replaces previous credit that applied only to multifamily rental units constructed to meet accessibility codes with a new credit applicable to any residence owner making accessibility improvements.

Permits excess credits that exceed the tax liability to be carried forward to the next succeeding year.

Removes occupancy permit filing and building inspector reporting requirements that were previously mandated under the old credit system.

Effective for taxable years beginning on or after January 1, 2013.