Enacts new GS 105-129.16K to provide a credit of 25% to any taxpayer who constructs, converts, or expands a commercial facility to manufacture components for plug-in electric vehicles. Sets out additional details on the credit, and sunsets the credit on January 1, 2017. Adds the definition for plug-in electric vehicle component to GS 105-129.15. Adds plug-in electric vehicle component to GS 105-129.55(a) to allow a research and development credit of 5% and adds the defined term to GS 105-129.50.
Applies to taxes imposed for tax years beginning on or after July 1, 2012.
PROMOTE RENEWABLE JOBS.
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| View NCGA Bill Details | 2011-2012 Session |
TO PROVIDE INCENTIVES FOR THE DEVELOPMENT AND MANUFACTURE OF COMPONENTS FOR PLUG-IN ELECTRIC VEHICLES.Intro. by Weiss, Harrison, Luebke, McGrady.
Status: Ref to the Com on Commerce and Job Development, if favorable, Transportation, if favorable, Finance (House Action) (May 25 2012)
H 1139
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Bill H 1139 (2011-2012)Summary date: May 24 2012 - View Summary
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