Section 105-129.75 - Sunset and applicable expenditures(a) Sunset. - Except for credits allowed under G.S. 105-129.71(a1), this Article expires, and a tax credit allowed under G.S. 105-129.71(a) may not be claimed, for rehabilitation projects not completed and placed in service prior to January 1, 2030.(b) Delayed Sunset and Applicable Expenditures. - For credits allowed under G.S. 105-129.71(a1), the following applies:(1) The qualified rehabilitation expenditures must be incurred on or after January 1, 2019, and before January 1, 2030.(2) This Article expires, and a tax credit allowed under G.S. 105-127.71(a1) may not be claimed, for rehabilitation projects not completed and placed in service prior to January 1, 2030. ....
N.C. Gen. Stat. § 105-129.75
Amended by 2021 N.C. Sess. Laws 180,s. 42.7-a, eff. 11/18/2021.Amended by 2019 N.C. Sess. Laws 237,s. 3-d, eff. 11/1/2019.Amended by 2015 N.C. Sess. Laws 241,s. 32.3-b, eff. 9/18/2015.Amended by 2012 N.C. Sess. Laws 36,s. 12-b, eff. 6/20/2012.Amended by 2010 N.C. Sess. Laws 31,s. 31.5.(a), eff. 6/30/2010.Amended by 2008 N.C. Sess. Laws 107,s. 28.4.(d), eff. 1/1/2008.Added by 2006 N.C. Sess. Laws 40,s. 1, eff. 6/29/2006.2021 N.C. Sess. Laws 180,s. 42.7-a, eff. 11/18/2021 provides: "Effective for taxable years beginning on or after January 1, 2021, Article 3H of Chapter 105 of the General Statutes is reenacted as it existed immediately before its repeal for rehabilitation projects for which an application for an eligibility certification was submitted on or after January 1, 2015, and reads as rewritten: [see § 105-129.71, 105-129.75]"2021 N.C. Sess. Laws 180,s. 42.7-b, eff. 11/18/2021 provides: "The reenactment and extension of Article 3H of Chapter 105 of the General Statutes under this section does not require a taxpayer who obtained an eligibility certification prior to January 1, 2015, for a rehabilitation project under this Article to reapply for an eligibility certification for the same project."