North Carolina General Statutes § 143B-437.51 Definitions

The following definitions apply in this Part:

(1)        Agreement. - A community economic development agreement under G.S. 143B-437.57.

(2)        Base period. - The period of time set by the Committee during which new employees are to be hired for the positions on which the grant is based.

(3)        Business. - A corporation, sole proprietorship, cooperative association, partnership, S corporation, limited liability company, nonprofit corporation, or other form of business organization, located either within or outside this State.

(4)        Committee. - The Economic Investment Committee established pursuant to G.S. 143B-437.54.

(4a)      Development tier. - The classification assigned to an area pursuant to G.S. 143B-437.08.

(5)        Eligible position. - A position created by a business and filled by a new full-time employee in this State during the base period.

(6)        Full-time employee. - A person who is employed for consideration for at least 35 hours a week, whose wages are subject to withholding under Article 4A of Chapter 105 of the General Statutes, and who is determined by the Committee to be employed in a permanent position according to criteria it develops in consultation with the Attorney General. The term does not include any person who works as an independent contractor or on a consulting basis for the business.

(7)        New employee. - A full-time employee who represents a net increase in the number of the business's employees statewide.

(8)        Overdue tax debt. - Defined in G.S. 105-243.1.

(9)        Related member. - Defined in G.S. 105-130.7A.

(10)      Withholdings. - The amount withheld by a business from the wages of employees in eligible positions under Article 4A of Chapter 105 of the General Statutes. (2002-172, s. 2.1(a); 2003-416, s. 2; 2003-435, 2nd Ex. Sess., s. 2.1; 2006-168, s. 1.1; 2006-252, s. 2.6; 2006-264, s. 69(a).)

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Last modified: March 23, 2014