| State: |
NC |
| Incentive Type: |
Income/Franchise Tax Incentives and Credits |
| Incentive Title: |
Jobs Credits |
| Description: |
JOB CREATION TAX CREDIT- Eligible taxpayers that meet a minimum threshold of new full-time jobs created during the taxable year may claim a credit for each new job created. The credit is taken in equal installments over four years following the year the jobs are created. The job threshold (5-15 new jobs) and the credit amount per job ($750-$12,500) are determined by the tier designation of the county in which the jobs are created. If a job is filled by a resident of an Urban Progress Zone or Agrarian Growth Zone or a long-term unemployed worker, an additional $2,000 per job applies. |
| Eligibility Requirements: |
Taxpayers must meet specific requirements including type of business, job creation thresholds, wage standards, health care coverage,and compliance with state environmental rules and OSHA regulations. |
| Geographic Restrictions: |
Statewide |
| Granting Authority: |
State of North Carolina |
|
|
