NC S652

Allows taxpayers developing smart-grid technology in North Carolina to claim a tax credit equal to 20% of qualifying expenses paid to community colleges or research universities, or 15% for other qualifying expenses.

Defines smart-grid technology to include integrated communications, advanced components, advanced control and monitoring methods, sensing and measurement devices, and improved interfaces and decision support systems.

Limits qualifying expenses to compensation and wages for full-time jobs with withholding payments to the Department, or amounts paid to participating community colleges or research universities, with a $50,000 minimum threshold.

Prohibits double benefits by preventing taxpayers from claiming this credit along with other tax credits, Job Development Investment Grants, or One North Carolina Fund grants for the same expenses.

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