A BILL TO BE ENTITLED
AN ACT to provide a tax credit to abc permittees who are required to recycle beverage containers.
The General Assembly of North Carolina enacts:
SECTION 1.  Part 1 of Article 4 of Chapter 105 of the General Statutes is amended by adding a new section to read:
"§ 105‑130.49. Credit for recycling beverage containers.
(a)	Credit. – A taxpayer who is required to recycle beverage containers under G.S. 18B‑1006.1 is eligible for a credit against the tax imposed by this Part. The amount of the credit varies based upon the taxpayer's recycling collection cost. A taxpayer's recycling collection cost is the amount the taxpayer paid during the calendar year to a public or private entity for the collection or disposal of beverage containers required to be recycled under G.S. 18B‑1006.1.
Annual Recycling Collection Cost			Amount of Credit
Up to $750								     0
$750‑$1,500								$250
Over $1,500								$500.
(b)	Limitation. – The credit allowed under this section may not exceed the amount of tax imposed by this Part for the taxable year reduced by the sum of all credits allowable, except tax payment made by or on behalf of the taxpayer.
(c)	Documentation of Credit. – Upon request, to support the credit allowed by this section, the taxpayer must file with its income tax return, for the taxable year in which the credit is claimed, any information or records required by the Secretary of Revenue.
(d)	Sunset. – This section is repealed effective for taxable years beginning on or after January 1, 2013."
SECTION 2.  Part 2 of Article 4 of Chapter 105 of the General Statutes is amended by adding a new section to read:
"§ 105‑151.33. Credit for recycling beverage containers.
(a)	Credit. – A taxpayer who is required to recycle beverage containers under G.S. 18B‑1006.1 is eligible for a credit against the tax imposed by this Part. The amount of the credit varies based upon the taxpayer's recycling collection cost. A taxpayer's recycling collection cost is the amount the taxpayer paid during the calendar year to a public or private entity for the collection or disposal of beverage containers required to be recycled under G.S. 18B‑1006.1.
Annual Recycling Collection Cost			Amount of Credit
Up to $750								     0
$750‑$1,500								$250
Over $1,500								$500.
(b)	Limitation. – The credit allowed under this section may not exceed the amount of tax imposed by this Part for the taxable year reduced by the sum of all credits allowable, except tax payment made by or on behalf of the taxpayer.
(c)	Documentation of Credit. – Upon request, to support the credit allowed by this section, the taxpayer must file with its income tax return, for the taxable year in which the credit is claimed, any information or records required by the Secretary of Revenue.
(d)	Sunset. – This section is repealed effective for taxable years beginning on or after January 1, 2014."
SECTION 3.  This act becomes effective for taxable years beginning on or after January 1, 2009.