Amends GS 105-130.34, concerning corporations, and GS 105-151.12, concerning individuals, to allow the conservation tax credit to be transferred instead of claiming a credit. Requires a fee of 2% of the amount of the credit transferred to be paid upon the transfer, to be used to administer the section. Allows a taxpayer to whom the credit is transferred to make a subsequent transfer. Provides that if the value of the credit is reduced based on a determination of the actual fair market value, the credits are reduced proportionately and each is liable for any past taxes avoided as a result of the credit. Effective for taxable years beginning on or after January 1, 2013.