Amends the expiration provision of GS 105-129.12A (credit for substantial investment in other property) to provide that the credit expires and the taxpayer may not take any remaining installments of the credit in one of the years in which the installment of a credit accrues and by which the taxpayer is required to have created 200 new jobs at the property if (1) the total number of employees employed at the property with respect to which the credit is claimed is less than 200 and (current law only includes requirement #1) (2) the taxpayer has failed within two years of the date that the employment fell below 200 to invest at the property at least twice the value of the remaining credit installments. Effective for taxable years beginning on or after January 1, 2009.