Tax Law Changes - North Carolina Department Of Revenue - 2012 Page 12
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41married filing jointly and qualifies for innocent spouse relief attributable to the substantial
underpayment under section 6015 of the Code. Under prior law, relief was available for
the corresponding North Carolina joint individual income tax liability only if that spouse
had been granted innocent spouse relief from the joint federal income tax liability.
(Effective June 26, 2012; SB 826, s. 2.5, S.L. 12-79.)
G.S. 105-160.3(b) – Tax Credits: This subsection was amended as a clarifying change
to add the tax credit for children with disabilities who require special education available
under G.S. 105-151.33 to the list of tax credits that may not be claimed on the income
tax return for trusts and estates.
(Effective June 26, 2012; SB 826, s. 2.6, S.L. 12-79.)
G. S. 105-163.015 –Tax Credits for Qualified Business Investments: This
subsection was amended to update the sunset. The credit for qualified business
investments was scheduled to expire for investments made on or after January 1, 2013.
The credit now expires for investments made on or after January 1, 2014.
(Effective June 20, 2012; HB 1025, s. 10, S.L. 12-36.)
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