NORTH CAROLINA R&D TAX CREDIT SUMMARY
North Carolina State R&D Tax Credit
The North Carolina credit for research and development has been repealed effective January 1, 2016. Prior to January 1, 2016, a credit was available equal to a percentage of the expenses as follows:
- Small businesses—3.25%
- Research performed in a development Tier 1 area— 3.25%
- North Carolina research university expenses—20%
- Eco-industrial park—35%
Effective for taxable years beginning on or after January 1, 2011, other research expenses:
- 1.25% for expenses up to $50 million
- 2.25% for expenses between $50 million and $200 million; or
- 3.25% for expenses above $200 million
