There is a newer version of the North Carolina General Statutes
2013 North Carolina General Statutes
Chapter 105 - Taxation.
Article 4 - Income Tax.
- Section 105-130 - Short title.
- Section 105-130.1 - 1. Purpose.
- Section 105-130.2 - 2. Definitions.
- Section 105-130.3 - 3. (Effective for taxable years beginning before January 1, 2014) Corporations.
- Section 105-130.3A - 3A: Expired.
- Section 105-130.3B - 3B. (Effective for taxable years beginning on or after January 1, 2009, and expiring for taxable years beginning on or after January 1, 2011) Income tax surtax.
- Section 105-130.3C - 3C. Rate reduction trigger.
- Section 105-130.4 - 4. Allocation and apportionment of income for corporations.
- Section 105-130.5 - 5. Adjustments to federal taxable income in determining State net income.
- Section 105-130.5A - 5A. Secretary's authority to adjust net income or require a combined return.
- Section 105-130.5B - 5B. Adjustments when State decouples from federal accelerated depreciation and expensing.
- Section 105-130.6 - 6. (Repealed effective for taxable years beginning on or after January 1, 2012) Subsidiary and affiliated corporations.
- Section 105-130.6A - 6A. Adjustment for expenses related to dividends.
- Section 105-130.7 - 7: Repealed by Session Laws 2003-349, s. 1.1, effective January 1, 2003.
- Section 105-130.7A - 7A. Royalty income reporting option.
- Section 105-130.8 - 8. Net economic loss.
- Section 105-130.9 - 9. Contributions.
- Section 105-130.10 - 10. Amortization of air-cleaning devices, waste treatment facilities and recycling facilities.
- Section 105-130.10A - 10A. Amortization of equipment mandated by OSHA.
- Section 105-130.11 - 11. Conditional and other exemptions.
- Section 105-130.12 - 12. Real estate investment trusts.
- Section 105-130.13 - 13: Repealed by Session Laws 1987 (Regular Session, 1988), c. 1089, s. 2; as amended by Session Laws 1989, c. 728, s. 1.33.
- Section 105-130.14 - 14. Corporations filing consolidated returns for federal income tax purposes.
- Section 105-130.15 - 15. Basis of return of net income.
- Section 105-130.16 - 16. (Effective for taxable years beginning before January 1, 2012) Returns.
- Section 105-130.17 - 17. Time and place of filing returns.
- Section 105-130.18 - 18: Repealed by Session Laws 2009-445, s. 7, effective August 7, 2009.
- Section 105-130.19 - 19. When tax must be paid.
- Section 105-130.20 - 20. Federal corrections.
- Section 105-130.21 - 21. Information at the source.
- Section 105-130.22 - 22. (Repealed effective for taxable years beginning on or after January 1, 2014) Tax credit for construction of dwelling units for handicapped persons.
- Section 105-130.23 - 23. Repealed by Session Laws 1999-342, s. 1, effective for taxable years beginning on or after January 1, 2000.
- Section 105-130.24 - 24. Repealed by Session Laws 1983 (Regular Session, 1984), c. 1004, s. 2.
- Section 105-130.25 - 25. Credit against corporate income tax for construction of cogenerating power plants.
- Section 105-130.26 - 26. Repealed by Session Laws 1999-342, s. 1, effective for taxable years beginning on or after January 1, 2000.
- Section 105-130.27 - 27 Expired.
- Section 105-130.27A - 27A. Repealed by Session Laws 1999-342, s. 1, effective for taxable years beginning on or after January 1, 2000.
- Section 105-130.28 - 28: Repealed by Session Laws 2000-128, s. 3, effective for costs incurred during taxable years beginning on or after January 1, 2006.
- Section 105-130.29 through 105-130.33 - 29 through 105-130.33. Repealed by Session Laws 1999-342, s. 1.
- Section 105-130.34 - 34. (Repealed effective for taxable years beginning on or after January 1, 2014) Credit for certain real property donations.
- Section 105-130.35 - 35: Recodified as 105-269.5 by Session Laws 1991, c. 45, s. 20.
- Section 105-130.36 - 36. (Repealed effective for taxable years beginning on or after January 1, 2014) Credit for conservation tillage equipment.
- Section 105-130.37 - 37. (Repealed effective for taxable years beginning on or after January 1, 2014) Credit for gleaned crop.
- Section 105-130.38 - 38: Repealed by Session Laws 1996, Second Extra Session, c. 14, s. 1.
- Section 105-130.39 - 39. (Repealed effective for taxable years beginning on or after January 1, 2014) Credit for certain telephone subscriber line charges.
- Section 105-130.40 - 40: Recodified as 105-129.8 by Session Laws 1996, 2nd Extra Session, c. 13, s. 3.2.
- Section 105-130.41 - 41. (Repealed effective for taxable years beginning on or after January 1, 2014) Credit for North Carolina State Ports Authority wharfage, handling, and throughput charges.
- Section 105-130.42 - 42: Recodified as 105-129.35 through 105-129.37 by Session Laws 1999-389, ss. 2-4, effective for taxable years beginning on or after January 1, 1999.
- Section 105-130.43 - 43. (Repealed effective for taxable years beginning on or after January 1, 2014) Credit for savings and loan supervisory fees.
- Section 105-130.44 - 44. (Repealed effective for taxable years beginning on or after January 1, 2014) Credit for construction of poultry composting facility.
- Section 105-130.45 - 45. (Repealed effective January 1, 2018) Credit for manufacturing cigarettes for exportation.
- Section 105-130.46 - 46. (See notes for expiration date) Credit for manufacturing cigarettes for exportation while increasing employment and utilizing State Ports.
- Section 105-130.47 - 47. (Repealed for qualifying expenses occurring on or after January 1, 2015) Credit for qualifying expenses of a production company.
- Section 105-130.48 - 48. (Repealed for taxable years beginning on or after January 1, 2014) Credit for recycling oyster shells.
- Section 105-131 - Title; definitions; interpretation.
- Section 105-131.1 - 1. Taxation of an S Corporation and its shareholders.
- Section 105-131.2 - 2. Adjustment and characterization of income.
- Section 105-131.3 - 3. Basis and adjustments.
- Section 105-131.4 - 4. Carryforwards; carrybacks; loss limitation.
- Section 105-131.5 - 5. Part-year resident shareholder.
- Section 105-131.6 - 6. Distributions.
- Section 105-131.7 - 7. Returns; shareholder agreements; mandatory withholding.
- Section 105-131.8 - 8. Tax credits.
- Section 105-132 - Recodified as 105-135 by Session Laws 1967, c. 1110, s. 3.
- Section 105-133 - (Recodified for taxable years beginning on or after January 1, 2014 - see editor's note) Short title.
- Section 105-134 - (Recodified for taxable years beginning on or after January 1, 2014 - see editor's note) Purpose.
- Section 105-134.1 - 1. (Effective for taxable years beginning before January 1, 2012) Definitions.
- Section 105-134.2 - 2. (Repealed effective for taxable years beginning on or after January 1, 2014 - see note) Individual income tax imposed.
- Section 105-134.2A - 2A. (Effective for taxable years beginning on or after January 1, 2009, and expiring for taxable years beginning on or after January 1, 2011) Income tax surtax.
- Section 105-134.3 - 3. (Repealed effective for taxable years beginning on or after January 1, 2014 - see note) Year of assessment.
- Section 105-134.4 - 4. (Repealed effective for taxable years beginning on or after January 1, 2012) Taxable year.
- Section 105-134.5 - 5. (Effective for taxable years beginning before January 1, 2012) North Carolina taxable income defined.
- Section 105-134.6 - 6. (Effective for taxable years beginning before January 1, 2012) Adjustments to taxable income.
- Section 105-134.6A - 6A. (Repealed effective January 1, 2014) Adjustments when State decouples from federal accelerated depreciation and expensing.
- Section 105-134.7 - 7. Transitional adjustments.
- Section 105-134.8 - 8. (Repealed effective for taxable years beginning on or after January 1, 2014 - see note) Inventory.
- Section 105-135 through 105-149 - Repealed by Session Laws 1989, c. 728, s. 1.3.
- Section 105-150 - Repealed by Session Laws 1973, c. 1287, s. 5.
- Section 105-151 - (Recodified effective for taxable years beginning on or after January 1, 2014) Tax credits for income taxes paid to other states by individuals.
- Section 105-151.1 - 1. Repealed effective for taxable years beginning on or after January 1, 2014 - see note) Credit for construction of dwelling units for handicapped persons.
- Section 105-151.2 - 2. Repealed by Session Laws 1999-342, s. 1, effective for taxable years beginning on or after January 1, 2000.
- Section 105-151.3 - 3. Repealed by Session Laws 1983 (Regular Session 1984), c. 1004, s. 2.
- Section 105-151.4 - 4: Repealed by Session Laws 1989, c. 728, s. 1.8.
- Section 105-151.5 - 5. Repealed by Session Laws 1999-342, s. 1, effective for taxable years beginning on or after January 1, 2000.
- Section 105-151.6 - 6: Expired.
- Section 105-151.6A - 6A: Repealed by Session Laws 1989, c. 728, s. 1.11.
- Section 105-151.7 through 105-151.10 - 7 through 105-151.10: Repealed by Session Laws 1999-342, s. 1, effective for taxable years beginning on or after January 1, 2000.
- Section 105-151.11 - 11. (Repealed effective for taxable years beginning on or after January 1, 2014 - see note) Credit for child care and certain employment-related expenses.
- Section 105-151.12 - 12. (Repealed effective for taxable years beginning on or after January 1, 2014 - see note) Credit for certain real property donations.
- Section 105-151.13 - 13. (Repealed effective for taxable years beginning on or after January 1, 2014 - see note) Credit for conservation tillage equipment.
- Section 105-151.14 - 14. (Repealed effective for taxable years beginning on or after January 1, 2014 - see note) Credit for gleaned crop.
- Section 105-151.15 - 15: Repealed by Session Laws 1996, 2nd Extra Session, c. 14, s. 1.
- Section 105-151.16 - 16: Repealed by Session Laws 1989, c. 728, s. 1.21.
- Section 105-151.17 - 17: Recodified as 105-129.8 by Session Laws 1996, 2nd Extra Session, c. 13, s. 3.4.
- Section 105-151.18 - 18. (Repealed effective for taxable years beginning on or after January 1, 2014 - see note) Credit for the disabled.
- Section 105-151.19 - 19: Repealed by Session Laws 1996, 2nd Extra Session, c. 14, s. 2.
- Section 105-151.20 - 20. (Repealed effective for taxable years beginning on or after January 1, 2014 - see note) Credit or partial refund for tax paid on certain federal retirement benefits.
- Section 105-151.21 - 21. (Repealed effective for taxable years beginning on or after January 1, 2014 - see note) Credit for property taxes paid on farm machinery.
- Section 105-151.22 - 22. (Repealed effective for taxable years beginning after January 1, 2014) Credit for North Carolina State Ports Authority wharfage, handling, and throughput charges.
- Section 105-151.23 - 23: Recodified as 105-129.35 through 105-129.37 by Session Laws 1999-389, s. 6, effective for taxable years beginning on or after January 1, 1999.
- Section 105-151.24 - 24. (Recodified effective for taxable years beginning on or after January 1, 2014 - see editor's note) Credit for children.
- Section 105-151.25 - 25. (Repealed effective for taxable years beginning on or after January 1, 2014 - see note) Credit for construction of a poultry composting facility.
- Section 105-151.26 - 26. (Effective for taxable years beginning before January 1, 2012) Credit for charitable contributions by nonitemizers.
- Section 105-151.27 - 27: Repealed by Session Laws 2001-424, s. 34.21(a), effective for taxable years beginning on or after January 1, 2001.
- Section 105-151.28 - 28. (Repealed for taxable years beginning on or after January 1, 2014) Credit for premiums paid on long-term care insurance.
- Section 105-151.29 - 29. (Repealed for qualifying expenses occurring on or after January 1, 2015) Credit for qualifying expenses of a production company.
- Section 105-151.30 - 30. (Repealed for taxable years beginning on or after January 1, 2014) Credit for recycling oyster shells.
- Section 105-151.31 - 31. (Repealed for taxable years beginning on or after January 1, 2014) Earned income tax credit.
- Section 105-151.32 - 32. (Repealed for taxable years beginning on or after January 1, 2014) Credit for adoption expenses.
- Section 105-151.33 - 33. (Repealed effective for taxable years beginning on or after January 1, 2014 - see note) Education expenses credit.
- Section 105-152 - (Recodified for taxable years beginning on or after January 1, 2014 - see editor's note) Income tax returns.
- Section 105-152.1 - 1: Repealed by Session Laws 1991 (Regular Session, 1992), c. 930, s. 12.
- Section 105-153 - Repealed by Session Laws 1967, c. 1110, s. 3.
- Section 105-153.1 - 1. (Effective for taxable years beginning on or after January 1, 2014) Short title.
- Section 105-153.2 - 2. (Effective for taxable years beginning on or before January 1, 2014) Purpose.
- Section 105-153.3 - 3. (Effective for taxable years beginning on or after January 1, 2014) Definitions.
- Section 105-153.4 - 4. North Carolina taxable income defined.
- Section 105-153.5 - 5. (Effective for taxable years beginning on or after January 1, 2014) Modifications to adjusted gross income.
- Section 105-153.6 - 6. (Effective for taxable years beginning on or after January 1, 2014) Adjustments when State decouples from federal accelerated depreciation and expensing.
- Section 105-153.7 - 7. (Effective for taxable years beginning on or after January 1, 2014) Individual income tax imposed.
- Section 105-153.8 - 8. (Effective for taxable years beginning on or after January 1, 2014) Income tax returns.
- Section 105-153.9 - 9. (Effective for taxable years beginning on or after January 1, 2014) Tax credits for income taxes paid to other states by individuals.
- Section 105-153.10 - 10. (Effective for taxable years beginning on or after January 1, 2014) Credit for children.
- Section 105-154 - Information at the source returns.
- Section 105-155 - Time and place of filing returns; extensions; affirmation.
- Section 105-156 - Repealed by Session Laws 2009-445, s. 7, effective August 7, 2009.
- Section 105-156.1 - 1: Repealed by Session Laws 1989, c. 728, s. 1.28.
- Section 105-157 - When tax must be paid.
- Section 105-158 - Taxation of certain Armed Forces personnel and other individuals upon death.
- Section 105-159 - Federal corrections.
- Section 105-159.1 - 1: Repealed by Session Laws 2013-381, s. 38.1(e), effective July 1, 2013.
- Section 105-159.2 - 2: Repealed by Session Laws 2013-360, s. 21.1(c), and Session Laws 2013-381, s. 38.1(f). For effective date of repeal, see editor's note.
- Section 105-160 - Short title.
- Section 105-160.1 - 1. Definitions.
- Section 105-160.2 - 2. Imposition of tax.
- Section 105-160.3 - 3. Tax credits.
- Section 105-160.4 - 4. Tax credits for income taxes paid to other states by estates and trusts.
- Section 105-160.5 - 5. Returns.
- Section 105-160.6 - 6. Time and place of filing returns.
- Section 105-160.7 - 7. When tax must be paid.
- Section 105-160.8 - 8. Federal corrections.
- Section 105-161 through 105-163 - Repealed by Session Laws 1989, c. 728, s. 1.37.
- Section 105-163.01 through 105-163.06 - 01 through 105-163.06: Repealed by Session Laws 1991, c. 45, s. 14(b).
- Section 105-163.07 - 07: Recodified as 105-151.21 by Session Laws 1991, c. 45, s. 14.
- Section 105-163.08 through 105-163.09 - 08 through 105-163.09: Repealed by Session Laws 1991, c. 45, s. 14(b).
- Section 105-163.010 - 010. (Repealed effective for investments made on or after January 1, 2014) Definitions.
- Section 105-163.011 - 011. (Repealed effective for investments made on or after January 1, 2014) Tax credits allowed.
- Section 105-163.012 - 012. (Repealed effective for investments made on or after January 1, 2014) Limit; carry-over; ceiling; reduction in basis.
- Section 105-163.013 - 013. (Repealed for investments made on or after January 1, 2014) Registration.
- Section 105-163.014 - 014. (Repealed for investments made on or after January 1, 2014) Forfeiture of credit.
- Section 105-163.015 - 015. Sunset.
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