The North Carolina Department of Revenue  maintains authority to determine eligibility for this and other tax programs.  For detailed information please contact the Corporate Tax Division at 919-733-8510.

Information published by the Department of Revenue concerning
corporate tax information can be reviewed by following this link.

Technology Thrives in North Carolina - thanks in part to strong state support.

Businesses with qualified North Carolina research expenses are allowed a tax credit equal to a percentage of those expenses.  The allowable credits are determined by:

• Small Business status (annual receipts less than $1 million): Qualified businesses on the last day of the taxable year are allowed a credit of 3.25%.
• County Tier:  Certain tax programs in North Carolina are indexed to a county ranking system.  For expenses for research performed in a Tier 1 county, a business is permitted a credit of 3.25%.
• Other research: For expenses not covered above, refer to the table below for qualified research expenses during a taxable year:

A business with North Carolina university research expenses for the taxable year is allowed a credit equal to 20% of those expenses.
 
Helpful Resources |  Technology Development Tax Credit

2012 Article 3J Wage Standards
2011 Article 3J Wage Standards
2010 Article 3J Wage Standards