§ 105-129.16G. (Expiring for taxable years beginning on or after January 1, 2012) Work Opportunity Tax Credit. - North Carolina Statutes

§ 105‑129.16G.  (Expiringfor taxable years beginning on or after January 1, 2012) Work Opportunity TaxCredit.

(a)        Credit. – Ataxpayer who is allowed a federal tax credit under Part IV, Subpart F of theCode for the taxable year is allowed a credit against the tax imposed by thisPart. The credit is equal to six percent (6%) of the amount of credit allowedunder the Code for wages paid during the taxable year for positions located inthis State. A position is located in this State if more than fifty percent(50%) of the employee's duties are performed in the State.

(b)        Sunset. – Thissection expires for taxable years beginning on or after January 1, 2012.  (2007‑323, s.31.21(a); 2008‑134, s. 2(a).)