Corporate Income Tax
Article 4, Part 1 – Corporation Income Tax and Part 1A – S Corporation Income Tax
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Part 1. Corporation Income Tax
| 105-130 | Short title |
| 105-130.1 | Purpose |
| 105-130.2 | Definitions |
| 105-130.3 | Corporations |
| 105-130.3C | Rate reduction trigger |
| 105-130.4 | Allocation and apportionment of income for corporations |
| 105-130.5 | Adjustments to federal taxable income in determining State net income |
| 105-130.5A | Secretary’s authority to adjust net income or require a combined return |
| 105-130.5B | Adjustments when State decouples from federal accelerated depreciation and expensing |
| 105-130.6A | Adjustments for expenses related to dividends |
| 105-130.7A | Royalty income reporting option |
| 105-130.8 | Net economic loss |
| 105-130.9 | Contributions |
| 105-130.10 | Amortization of air-cleaning devices, waste treatment facilities and recycling facilities |
| 105-130.10A | Amortization of equipment mandated by OSHA |
| 105-130.11 | Conditional and other exemptions |
| 105-130.12 | Real estate investment trusts |
| 105-130.14 | Corporations filing consolidated returns for federal tax purposes |
| 105-130.15 | Basis of return of net income |
| 105-130.16 | Returns |
| 105-130.17 | Time and place of filing returns |
| 105-130.19 | When tax must be paid |
| 105-130.20 | Federal corrections |
| 105-130.21 | Information at source return |
| 105-130.25 | Credit against corporate income tax for construction of cogenerating power plants |
| 105-130.45 | Credit for manufacturing cigarettes for export |
| 105-130.46 | Credit for manufacturing cigarettes for exportation while increasing employment and utilizing State Ports |
| 105-130.47 | Credit for qualifying expenses of a production company |
Part 1A. S Corporation Income Tax
| 105-131 | Title; definitions; interpretation |
| 105-131.1 | Taxation of an S Corporation and its shareholders |
| 105-131.2 | Adjustment and characterization of income |
| 105-131.3 | Basis and adjustments |
| 105-131.4 | Carryforwards; carrybacks; loss limitation |
| 105-131.5 | Part-year resident shareholder |
| 105-131.6 | Distributions |
| 105-131.7 | Returns; shareholder agreements; mandatory withholding |
| 105-131.8 | Tax credits |
Other Tax Credits Allowed Against Corporation Income Tax
| Article 3B – Business and Energy Tax Credits |
| Article 3C – Tax Incentives for Recycling Facilities |
| Article 3D – Historic Rehabilitation Tax Credits |
| Article 3E – Low-Income Housing Tax Credits |
| Article 3F – Research and Development |
| Article 3H – Mill Rehabilitation Tax Credit |
| Article 3J – Tax Credits for Growing Businesses |
| Article 3K – Tax Incentives for Railroad Intermodal Facilities |