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6.9% on portion of net income allocable to the state.

Combined rate (state & local) equals 6.75%. Exemptions include: Food; industrial machinery & equipment (but is subject to excise tax); machinery parts and accessories; electricity sales to manufacturers; purchases of ingredients or parts of manufactured products; packaging containers that are part of manufacturing process. Certain counties have a higher local rate, bringing the sales tax to 7% in these counties.

Assessed by county. Property is assessed at 100% of Fair Market Value. Reappraisals required every 8 years. Exemptions include: Manufacturers' inventories; livestock, poultry and feed used in production of livestock and poultry; nuclear materials held for purpose of manufacture; pollution control equipment.

12% Industrial machinery and equipment
11% Food and kindred products
8% Textile mill products
8% Chemicals and allied products
7% Transportation equipment

IBM Corp. (Research Triangle Park) - 12,000
Smithfield Packaging Co. (Tar Heel) - 5,000
GlaxoSmithKline (Research Triangle Park) - 5,000
SAS Institute, Inc. (Cary) - 4,200
Fleet Readiness Center East (Cherry Point) - 3,600

Mecklenburg - 62,071
Guilford - 55,398
Wake - 38,463
Durham - 33,847
Catawba - 29,298

Charlotte - 51,509
Greensboro - 32,965
Research Triangle Park - 21,484
Raleigh - 16,668
Winston-Salem - 16,471

• Article 3J Tax Credits
• N.C. Ports Tax Credits
• Renewable Energy Tax Credit
• Technology Development Tax Credit
• Job Development Investment Grant
• One North Carolina Fund
• SBIR/STTR Small Business Technology Funding
• Site and Infrastructure Grant Fund
• Job Maintenance and Capital Development Fund
• Foreign Trade Zones
• Industrial Revenue Bonds
• Community Development Block Grants
• Road and Rail Access
• North Carolina Biotechnology Center