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NCDOR »   Taxes & Forms »   Information for Tax Professionals »   Revenue Laws »   1999 Tax Law Changes »   1999 Tax law Changes - Corporate Franchise Tax

1999 Tax law Changes - Corporate Franchise Tax

VI. CORPORATE FRANCHISE TAX

G.S. 105-114(b)(2) - Clarification: The definition of "corporation" was amended to clarify that it includes a mutual or capital stock savings and loan association or building and loan association chartered under the laws of any state or of the United States.
(Effective July 22, 1999; SB 55, s. 20, S.L. 99-337.)

G.S. 105-122(c)(1) - Clarification on Apportionment: This statute was amended to clarify that a corporation that is subject to the general business franchise tax but exempt from income tax under Article 4 of Chapter 105 must apportion its capital stock, surplus and undivided profits base by using the apportionment factor it would have used had it been subject to the income tax. This issue was addressed by the Department in a directive dated November 19, 1998 (CD-98-4, Doing Business).
(Effective July 22, 1999; SB 55, s. 21, S.L. 99-337.)

 

1999 Tax Law Changes

  • 1999 Tax Law Changes - Alcoholic Beverage License and Excise Taxes
  • 1999 Tax Law Changes - Business and Energy Tax Credits
  • 1999 Tax Law Changes - Corporate Income Tax
  • 1999 Tax Law Changes - Debt Set-Off
  • 1999 Tax Law Changes - Estate Tax
  • 1999 Tax Law Changes - Estimated Tax Payments
  • 1999 Tax Law Changes - Excise Tax On Conveyances
  • 1999 Tax Law Changes - General Administration
  • 1999 Tax Law Changes - Gift Tax
  • 1999 Tax Law Changes - Highway Use Tax
  • 1999 Tax Law Changes - Historic Rehabilitation Tax Credits
  • 1999 Tax Law Changes - Individual Income Tax
  • 1999 Tax Law Changes - Insurance Premiums Tax
  • 1999 Tax Law Changes - Piped Natural Gas Tax
  • 1999 Tax Law Changes - Privilege Tax
  • 1999 Tax Law Changes - Property Tax
  • 1999 Tax Law Changes - Regional Transit Authority Vehicle Rental Tax
  • 1999 Tax Law Changes - Sales and Use Tax
  • 1999 Tax Law Changes - Studies
  • 1999 Tax Law Changes - Tax Credits For Qualified Business Investments
  • 1999 Tax Law Changes - Tax Incentives For New and Expanding Businesses
  • 1999 Tax Law Changes - Tax Incentives For Recycling Facilities
  • 1999 Tax Law Changes - Tobacco Products Tax
  • 1999 Tax Law Changes - Unauthorized Substances Taxes
  • 1999 Tax Law Changes - Withholding of Income Tax
  • 1999 Tax law Changes - Corporate Franchise Tax

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North Carolina Department of Revenue

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https://www.ncdor.gov/taxes-forms/information-tax-professionals/revenue-laws/1999-tax-law-changes/1999-tax-law-changes-corporate-franchise-tax