NC S341

Reenacts the tax credit for qualified business investments that was previously repealed, allowing individuals to claim a 25% tax credit against income tax on investments in qualified businesses.

Limits the aggregate annual credit per individual to $50,000 for all investments made in a single taxable year, whether direct or indirect investments through pass-through entities.

Prohibits the credit for investments where a broker's fee, commission, or similar remuneration is paid for soliciting the purchase.

Credit may be claimed beginning in the taxable year following the year the investment is made, once the application becomes effective.

Extends the credit's sunset date from January 1, 2014 to January 1, 2019, and makes the act effective for investments made on or after January 1, 2015.