There Is a Newer Version
of
the North Carolina General Statutes
2011 North Carolina General Statutes
Chapter 105 Taxation.
Article 3 - Franchise Tax.
105-122.1. Credit for additional annual report fees paid by limited liability companies subject to franchise tax.
Universal Citation:
NC Gen Stat § 105-122.1
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
105‑122.1. Credit for additional annual report fees paid by limited liability companies subject to franchise tax.
A limited liability company subject to tax under this Article is allowed a credit against the tax imposed by this Article equal to the difference between the annual report fee for corporations under G.S. 55‑1‑22(a)(23) and the annual report fee for limited liability companies under G.S. 57C‑1‑22(a). The credit allowed by this section may not exceed the amount of tax imposed by this Article for the taxable year reduced by the sum of all credits allowed, except payments of tax made by or on behalf of the taxpayer. (2006‑66, s. 24A.2(c); 2007‑323, s. 30.6(b).)
Disclaimer: These codes may not be the most recent version. North Carolina may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
