NC H920

Establishes Site Infrastructure Development Fund by transferring $20 million from Department of Commerce 2014-2015 appropriation and unencumbered balance from Job Catalyst Fund.

Creates North Carolina New Markets Jobs Act of 2015 providing tax credits for qualified equity investments in low-income community businesses, with $208.3 million in total certified equity investment authority split between Rural Reserve ($156.25 million) and Statewide Reserve ($52.08 million).

Restores historic rehabilitation tax credits for income-producing and non-income-producing certified historic structures with base rates of 10-15% and development tier/targeted investment bonuses of up to 5%, expiring January 1, 2021.

Modifies Film and Entertainment Grant Fund to expand eligible productions, increase maximum grant amounts to $20 million for feature films, establish return-on-investment incentive bonuses up to 2% each, and cap total annual liability at $60 million.

Reenacts low-income housing tax credits (Article 3E), qualified business investments credits (Part 5), research and development credits (Article 3F), North Carolina State Ports credit, and motorsports/aviation fuel refunds with various sunset dates between 2020-2038; expands Job Development Investment Grant Program (renamed Job Growth Reimbursement Opportunities–People Program) with $45 million maximum liability; and creates Invest NC securities exemption for intrastate crowdfunding with $1-2 million caps.