{"data":{"id":"us-nc/n.c.-gen.-stat.-105-130.5c","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 105-130.5C","heading":"Adjustments when State decouples from federal first-year expensing of domestic research and experimental expenditures.","body":"(a)\tExpense Deduction Adjustment. - A taxpayer who takes a deduction for domestic research and experimental expenditures under section 174A(a) of the Code must add to the taxpayer's federal taxable income eighty percent (80%) of the amount taken for that year under that Code provision. A taxpayer is allowed to deduct twenty-five percent (25%) of the add-back in each of the first four taxable years following the year the taxpayer is required to include the add-back in income. The purpose of this section is to decouple from the allowance of full first-year expensing of domestic research and experimental expenditures under section 70302 of the One Big Beautiful Bill Act.\n(b)\tAsset Basis. - The adjustments made in this section do not result in a difference in basis of the affected assets for State and federal income tax purposes. (2026-31, s. 12(b).)","path":["Chapter 105. Taxation.","SUBCHAPTER I. LEVY OF TAXES.","Article 4. Income Tax.","Part 1. Corporation Income Tax."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_105/GS_105-130.5C.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-10-28T06:06:46Z","sha256":"c495d9f195201b2a1116577a2e55d872d4eebf2bd14691e3983af8de1a568105","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-105-130.5b","next":"us-nc/n.c.-gen.-stat.-105-130.6"},"notice":"GroundRules: Original legal text. Not legal advice."}