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Article 3H. Mill Rehabilitation Tax Credit. (See G.S. 105129.75 for repeal of this Article.) 105129.70. (See note for repeal) Definitions. The following definitions apply in this Article: (1) Certified
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What is mill rehabilitation tax credit?
Mill rehabilitation tax credit is a tax credit offered to individuals or businesses who invest in rehabilitating historic mill buildings.
Who is required to file mill rehabilitation tax credit?
Individuals or businesses who have invested in rehabilitating historic mill buildings are required to file for the mill rehabilitation tax credit.
How to fill out mill rehabilitation tax credit?
To fill out the mill rehabilitation tax credit, individuals or businesses must submit the necessary forms and documentation detailing the rehabilitation project and expenses.
What is the purpose of mill rehabilitation tax credit?
The purpose of mill rehabilitation tax credit is to incentivize the preservation of historic mill buildings by providing financial assistance to those who undertake rehabilitation projects.
What information must be reported on mill rehabilitation tax credit?
Information such as the details of the rehabilitation project, expenses incurred, and any other relevant documentation must be reported on the mill rehabilitation tax credit.
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