(Effective for taxable years beginning on or after January1, 2007. See G.S. 105‑129.82(a) for repeal of Article.)
§ 105‑129.80. (Seenotes) Legislative findings.
The General Assembly findsthat:
(1) It is the policy ofthe State of North Carolina to stimulate economic activity and to create newjobs for the citizens of the State by encouraging and promoting the expansionof existing business and industry within the State and by recruiting andattracting new business and industry to the State.
(2) Both short‑termand long‑term economic trends at the State, national, and internationallevels have made the successful implementation of the State's economicdevelopment policy and programs both more critical and more challenging, andthe decline in the State's traditional industries, and the resulting adverseimpact upon the State and its citizens, have been exacerbated in recent yearsby adverse national and State economic trends that contribute to the reduction inthe State's industrial base and that inhibit the State's ability to sustain orattract new and expanding businesses.
(3) The economiccondition of the State is not static, and recent changes in the State'seconomic condition have created economic distress that requires a reevaluationof certain existing State programs and the enactment of a new program asprovided in this Article that is designed to stimulate new economic activityand to create new jobs within the State.
(4) The enactment ofthis Article is necessary to stimulate the economy and create new jobs in NorthCarolina, and this Article will promote the general welfare and confer, as itsprimary purpose and effect, benefits on citizens throughout the State throughthe creation of new jobs, an enlargement of the overall tax base, an expansionand diversification of the State's industrial base, and an increase in revenueto the State and its political subdivisions.
(5) The purpose of thisArticle is to stimulate economic activity and to create new jobs within theState.
(6) The State is in needof a focused tax credit program that encourages and facilitates economic growthand development within the State.
(7) The resources of theState are not evenly distributed throughout the State and different communitieshave different abilities and needs in attracting and maintaining new andexpanding business and industry. (2006‑252, s. 1.1.)
(Effective for taxable years beginning on or after January1, 2007. See G.S. 105‑129.82(a) for repeal of Article.)
§ 105‑129.80. (Seenotes) Legislative findings.
The General Assembly findsthat:
(1) It is the policy ofthe State of North Carolina to stimulate economic activity and to create newjobs for the citizens of the State by encouraging and promoting the expansionof existing business and industry within the State and by recruiting andattracting new business and industry to the State.
(2) Both short‑termand long‑term economic trends at the State, national, and internationallevels have made the successful implementation of the State's economicdevelopment policy and programs both more critical and more challenging, andthe decline in the State's traditional industries, and the resulting adverseimpact upon the State and its citizens, have been exacerbated in recent yearsby adverse national and State economic trends that contribute to the reduction inthe State's industrial base and that inhibit the State's ability to sustain orattract new and expanding businesses.
(3) The economiccondition of the State is not static, and recent changes in the State'seconomic condition have created economic distress that requires a reevaluationof certain existing State programs and the enactment of a new program asprovided in this Article that is designed to stimulate new economic activityand to create new jobs within the State.
(4) The enactment ofthis Article is necessary to stimulate the economy and create new jobs in NorthCarolina, and this Article will promote the general welfare and confer, as itsprimary purpose and effect, benefits on citizens throughout the State throughthe creation of new jobs, an enlargement of the overall tax base, an expansionand diversification of the State's industrial base, and an increase in revenueto the State and its political subdivisions.
(5) The purpose of thisArticle is to stimulate economic activity and to create new jobs within theState.
(6) The State is in needof a focused tax credit program that encourages and facilitates economic growthand development within the State.
(7) The resources of theState are not evenly distributed throughout the State and different communitieshave different abilities and needs in attracting and maintaining new andexpanding business and industry. (2006‑252, s. 1.1.)
(Effective for taxable years beginning on or after January1, 2007. See G.S. 105‑129.82(a) for repeal of Article.)
§ 105‑129.80. (Seenotes) Legislative findings.
The General Assembly findsthat:
(1) It is the policy ofthe State of North Carolina to stimulate economic activity and to create newjobs for the citizens of the State by encouraging and promoting the expansionof existing business and industry within the State and by recruiting andattracting new business and industry to the State.
(2) Both short‑termand long‑term economic trends at the State, national, and internationallevels have made the successful implementation of the State's economicdevelopment policy and programs both more critical and more challenging, andthe decline in the State's traditional industries, and the resulting adverseimpact upon the State and its citizens, have been exacerbated in recent yearsby adverse national and State economic trends that contribute to the reduction inthe State's industrial base and that inhibit the State's ability to sustain orattract new and expanding businesses.
(3) The economiccondition of the State is not static, and recent changes in the State'seconomic condition have created economic distress that requires a reevaluationof certain existing State programs and the enactment of a new program asprovided in this Article that is designed to stimulate new economic activityand to create new jobs within the State.
(4) The enactment ofthis Article is necessary to stimulate the economy and create new jobs in NorthCarolina, and this Article will promote the general welfare and confer, as itsprimary purpose and effect, benefits on citizens throughout the State throughthe creation of new jobs, an enlargement of the overall tax base, an expansionand diversification of the State's industrial base, and an increase in revenueto the State and its political subdivisions.
(5) The purpose of thisArticle is to stimulate economic activity and to create new jobs within theState.
(6) The State is in needof a focused tax credit program that encourages and facilitates economic growthand development within the State.
(7) The resources of theState are not evenly distributed throughout the State and different communitieshave different abilities and needs in attracting and maintaining new andexpanding business and industry. (2006‑252, s. 1.1.)
