OVERVIEW OF ARTICLE 3J CREDIT INCENTIVES

On January 1, 2007, the Tax Credits for Growing Businesses Act (known as

Article 3J Credits) replaced the Bill Lee Act as a vehicle for delivering economic tax

incentives to chosen North Carolina industries.1 Compared to the largess of Golden

LEAF, this incentives scheme has not been a large source of fiscal drain on the State;

still, the State perpetuates its practice of meddling with the State’s economy to the

detriment of free market principles and the robustness that brings. 

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