Amends GS 105-129.87, adding subsection (a1), as the title indicates. Provides that only one additional credit amount with respect to the same job is allowed under new subsection (a1), and that if more than one subdivision of new subsection (a1) applies to the same job, then the additional credit amount is whichever credit is higher, not both amounts combined. Increases the amount of the credit by $1,000 per job if (1) the job is filled by a veteran of the U.S. Armed Forces or (2) the job is located in an urban progress zone or an agrarian growth zone. Increases the amount of the credit by $3,000 per job if (1) the job is located in an urban progress zone or an agrarian zone and (2) the job is filled by a resident of that zone, a veteran of the Armed Forces, or a long-term unemployed worker. Makes conforming changes.
Effective for taxable years beginning on or after January 1, 2011.