A BILL TO BE ENTITLED
AN ACT to reenact the tax credits for qualified business investments.
The General Assembly of North Carolina enacts:
SECTION 1.  Part 5 of Article 4 of Subchapter I of Chapter 105 of the General Statutes is reenacted as it existed immediately before its repeal and reads as rewritten:
"Part 5. Tax Credits for Qualified Business Investments.
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"§ 105‑163.011.  Tax credits allowed.
(a)	No Credit for Brokered Investments. – No credit is allowed under this section for a purchase of equity securities or subordinated debt if a broker's fee or commission or other similar remuneration is paid or given directly or indirectly for soliciting the purchase.
(b)	Individuals. – Subject to the limitations contained in G.S. 105‑163.012, an individual who purchases the equity securities or subordinated debt of a qualified business directly from that business is allowed as a credit against the tax imposed by Part 2 of this Article for the taxable year an amount equal to twenty‑five percent (25%) of the amount invested. The aggregate amount of credit allowed an individual for one or more investments made in a single taxable year under this Part, whether directly or indirectly as owner of a pass‑through entity, may not exceed fifty thousand dollars ($50,000). The credit may not be taken for the year in which the investment is made but may be taken for the taxable year beginning during the calendar year in which the application for the credit becomes effective as provided in subsection (c) of this section.
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"§ 105‑163.015.  Sunset.
This Part is repealed effective for investments made on or after January 1, 2020."
SECTION 2.  This act is effective for taxable years beginning on or after January 1, 2015.