§ 105‑151.32. (Repealedfor taxable years beginning on or after January 1, 2013) Credit for adoptionexpenses.
(a) Credit. Anindividual who is allowed a federal adoption tax credit under section 23 of theCode for the taxable year is allowed a credit against the tax imposed by thisPart. The credit is equal to fifty percent (50%) of the amount of creditallowed under section 23 of the Code.
(b) Limitations. Anonresident or part‑year resident who claims the credit allowed by thissection shall reduce the amount of the credit by multiplying it by the fractioncalculated under G.S. 105‑134.5(b) or (c), as appropriate. The creditallowed under this section may not exceed the amount of tax imposed by thisPart for the taxable year reduced by the sum of all credits allowed, exceptpayments of tax made by or on behalf of the taxpayer. Any unused portion ofthis credit may be carried forward for the next succeeding five years.
(c) Sunset. Thissection is repealed effective for taxable years beginning on or after January1, 2013. (2007‑323,s. 31.6(a).)