NCInnovation faces scrutiny over tax filings as $13 million in grants approved

NCInnovation faces scrutiny over tax filings as $13 million in grants approved

NCInnovation, a nonprofit that has received hundreds of millions in taxpayer funds to spur commercialization of public university research, amended a key tax document after failing to indicate a previously made IRS election on its 2023 Form 990, one that could shield it from potential lobbying violations. The omission raises new legal and oversight questions about the organization’s lobbying expenditures. A tense exchange over NCInnovation’s tax…