Businesses
Government-funded
Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Annual income tax credits for SC businesses creating new full-time jobs, with credit amounts ranging from $1,500 to $25,000 per job based on county designation and industry type.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Must create at least 2 new full-time jobs paying above county average wage
2.Jobs must offer health insurance with employer contributing at least 50%
3.Credit: $1,500–$25,000 per job depending on county tier (1=highest benefit)
4.Credits used against SC income tax; excess carried forward 15 years
5.Certain industries receive additional credit multipliers
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Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.
CDFI Fund · United States
Attracts private investment into low-income communities by allowing investors to receive a 39% federal tax credit over 7 years on investments made through certified Community Development Entities (CDEs).