NC H906

Reenacts tax credits for qualified business investments that were previously repealed, allowing individuals to claim a 25% credit on investments in qualified businesses.

Limits individual tax credits to a maximum of $50,000 per taxable year for all qualified business investments made directly or indirectly through pass-through entities.

Prohibits tax credits for equity securities or subordinated debt purchases where a broker's fee, commission, or similar remuneration is paid for soliciting the purchase.

Requires credits to be claimed in the taxable year beginning during the calendar year the application becomes effective, not in the year the investment is made.

Extends the sunset date of this tax credit program from January 1, 2014 to January 1, 2020, with the act effective for taxable years beginning on or after January 1, 2015.