The NCDOR has published a directive that clarifies the definition of a holding company. The clarification should help in calculating a corporation’s annual franchise tax liability.
In addition, there are temporary changes to dyed diesel enforcement. Review this Important Notice for more information.
The Department will not impose a penalty when dyed diesel fuel is sold or used from bulk storage for highway use associated with farming and agricultural purposes. Review for guidance.
Mecklenburg County levied an additional 1% local sales and use tax. Click here to read the notice or review the frequently asked questions regarding the new tax.
NCDOR issues guidance on how recent legislative changes may affect your 2025 NC income tax return. Review the guidance.