§ 105-130.44. Credit for construction of poultry composting facility. - North Carolina Statutes

§105‑130.44.  Credit for construction of poultry composting facility.

A taxpayer who constructs inthis State a poultry composting facility, as defined in G.S. 106‑549.51for the composting of whole, unprocessed poultry carcasses from commercialoperations in which poultry is raised or produced, is allowed as a creditagainst the tax imposed by this Part an amount equal to twenty‑fivepercent (25%) of the installation, materials, and equipment costs ofconstruction paid during the taxable year. This credit may not exceed onethousand dollars ($1,000) for any single installation. The credit allowed bythis section may not exceed the amount of tax imposed by this Part the taxableyear reduced by the sum of all credits allowable, except payments of tax by oron behalf of the taxpayer. The credit allowed by this section does not apply tocosts paid with funds provided the taxpayer by a State or federal agency. (1998‑134,s. 1; 1998‑98, s. 69.)