§ 105-129.95. (Repealed for taxable years beginning on or after January 1, 2038 - see note) Definitions.
Article 3K.
Tax Incentives forRailroad Intermodal Facilities.
(Repealed for taxableyears beginning on or after January 1, 2038. See G.S. 105-129.99.)
§ 105‑129.95. (Repealedfor taxable years beginning on or after January 1, 2038 see note) Definitions.
The following definitionsapply in this Article:
(1) Costs ofconstruction. The costs of acquiring and improving land, constructingbuildings and other structures, equipping the facility, and constructing andequipping rail tracks to the railroad intermodal facility that are necessary toaccess and support facility operations. In the case of property owned or leasedby the taxpayer, cost is determined pursuant to regulations adopted undersection 1012 of the Code.
(2) Eligible railroadintermodal facility. A railroad intermodal facility whose costs ofconstruction exceed thirty million dollars ($30,000,000).
(3) Intermodal facility. A facility where freight is transferred from one mode of transportation toanother.
(4) Railroad intermodalfacility. An intermodal facility whose primary purpose is to transfer freightbetween a railroad and another mode of transportation. (2007‑323, s. 31.23(a);2007‑345, s. 14.7(a).)