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NC S530
Bill
Status
Introduced
4/3/2023
Primary Sponsor
DeAndrea Salvador
Click for details
AI Summary
- Reenacts Article 3F of Chapter 105 of the General Statutes, which had previously been repealed
- Extends the sunset date for the research and development tax credit from January 1, 2016 to January 1, 2030
- Defines "full-time job" as a position requiring at least 1,600 hours of work per year intended to be held by one employee for the entire year
- Requires taxpayers to meet wage standards, health insurance, environmental impact, safety and health program, and tax debt requirements to be eligible for the credit
- Effective for taxable years beginning on or after January 1, 2023, and applicable to franchise tax calculations on 2022 and later corporate income tax returns
Legislative Description
Research and Development Attraction Act
Corporate Income
Last Action
Ref To Com On Rules and Operations of the Senate
4/4/2023
Committee Referrals
Rules and Operations of the Senate4/4/2023
Full Bill Text
No bill text available