NC H1149

Establishes a tax credit of $1,000 per unserved household for taxpayers who increase utilization of dark fiber to provide broadband service in eligible areas.

Applies to both corporate income tax (Part 2 of Article 4 of Chapter 105) and individual income tax (Part 1 of Article 4 of Chapter 105).

Limits credit eligibility to rural census tracts located in development tier one or tier two areas, and prohibits claiming credit for households that received funding under G.S. 143B-1373.

Requires Department of Information Technology certification to support credit claims filed with income tax returns.

Credit expires for taxable years beginning on or after January 1, 2025, and becomes effective for taxable years beginning on or after January 1, 2021.