§ 105-129.85. (See notes) Fees and reports. - North Carolina Statutes

§ 105‑129.85.  (Seenotes) Fees and reports.

(a)        Fee. – When filinga return for a taxable year in which the taxpayer engaged in activity for whichthe taxpayer is eligible for a credit under this Article, the taxpayer shallpay the Department of Revenue a fee of five hundred dollars ($500.00) for eachtype of credit the taxpayer claims or intends to claim with respect to anestablishment. The fee is due at the time the return is due for the taxableyear in which the taxpayer engaged in the activity for which the taxpayer iseligible for a credit. No credit is allowed under this Article for a taxableyear until all outstanding fees have been paid. Fees collected under thissection shall be credited to the General Fund.

(b)        Reports. – TheDepartment of Revenue shall publish by May 1 of each year the followinginformation itemized by credit and by taxpayer for the 12‑month periodending the preceding December 31:

(1)        The number andamount of credits generated and taken for each credit allowed in this Article.

(2)        The number anddevelopment tier area of new jobs with respect to which credits were generatedand to which credits were taken.

(3)        The cost anddevelopment tier area of business property with respect to which credits weregenerated and to which credits were taken.

(4)        The cost anddevelopment tier area of real property investment with respect to which creditswere generated and to which credits were taken. (2006‑252, s. 1.1.)