Adds new Article 3L, NC New Markets Job Growth Investment Initiative, to GS Chapter 105 to provide a tax credit of amounts ranging from 0 to 7% for qualified equity investments. Defines quality equity investment as an equity investment in, or long-term debt security issued by, a qualified community development entity that (1) is acquired after the act’s effective date at its original issuance for cash, (2) has at least 85% of its purchase price used to make qualified low-income community investments in qualified in state low-income community businesses, as specified, and (3) is designated as a qualified equity investment and certified by the Department of Commerce (Department). Defines qualified active low-income community business, qualified community development entity, and additional terms. Provides details on the tax credit, and directs the Department to limit qualified equity investments as necessary to cap the tax credits at $40 million a year. Sets out the procedure for a qualified community development entity to apply to the Department for an equity investment or long-term debt security to be designated as a qualified equity investment. Allows recapture of the credit under certain circumstances. Requires the Secretary of Commerce to issue binding letter rulings in response to applicants requesting an interpretation of the law to a specific set of facts. Applies to qualified equity investments made in tax years beginning on or after January 1, 2013.