§ 105-129.18. (See Editor's note for repeal) Substantiation. - North Carolina Statutes

§105‑129.18. (See Editor's note for repeal) Substantiation.

To claim a credit allowed bythis Article, the taxpayer must provide any information required by theSecretary of Revenue. Every taxpayer claiming a credit under this Article mustmaintain and make available for inspection by the Secretary of Revenue anyrecords the Secretary considers necessary to determine and verify the amount ofthe credit to which the taxpayer is entitled. The burden of proving eligibilityfor a credit and the amount of the credit rests upon the taxpayer, and nocredit may be allowed to a taxpayer that fails to maintain adequate records orto make them available for inspection. (1996, 2nd Ex. Sess., c. 13,s. 3.12; 1997‑277, s. 3; 1999‑342, s. 2; 1999‑360, ss. 1, 14;2000‑140, ss. 63(b), 88.)