2005 North Carolina Code - General Statutes § 105-197. When return required; due date of tax and return.

§ 105‑197.  When return required; due date of tax and return.

(a)       When Return Required. – Anyone who, during the calendar year, gives to a donee a gift of a future interest or one or more taxable gifts whose total value exceeds the amount of the annual exclusion set in G.S. 105‑188(d) must file a gift tax return, under oath or affirmation, with the Secretary on a form prescribed by the Secretary. For the purpose of this section, a taxable gift is a gift that is not exempt under G.S. 105‑188(h) or (i).

(b)       Due Date. – The tax is due on April 15th following the end of the calendar year. A return must be filed on or before the due date of the tax. A taxpayer may ask the Secretary of Revenue for an extension of time for filing a return under G.S. 105‑263. (1939, c. 158, s. 609; 1955, c. 22, s. 1; 1973, c. 1287, s. 9; 1985 (Reg. Sess., 1986), c. 821; 1991 (Reg. Sess., 1992), c. 930, s. 10; 1995 (Reg. Sess., 1996), c. 646, s. 8; 1998‑98, s. 16.)