15A NCAC 01F .0105. TIMING

(a)  The Assistant Secretary will consider all recommendations and will make every effort to reach a final decision to certify or deny certification of property for tax credit purposes within 60 days from receipt of the completed application.  In a case where the number of applications exceeds the Department's ability to reach expeditious decisions, the applicants shall be notified of potential delays.

(b)  When seeking certification prior to donation, the applicant must submit the application for certification to the Assistant Secretary four months prior to the close of the donor's tax year to assure time for certification and donation.

(c)  When seeking certification after donation, the applicant must submit the application for certification to the Assistant Secretary no later than the close of the donor's tax year to assure time for certification to be applied to that tax year.

 

History Note:        Authority G.S. 105‑130.34; 105‑130.9; 105‑151.12; 143B‑276;

Eff. November 1, 1984.