State Codes and Statutes

Statutes > North-carolina > Chapter_105 > GS_105-130_3

§105‑130.3.  Corporations.

A tax is imposed on the Statenet income of every C Corporation doing business in this State. An SCorporation is not subject to the tax levied in this section. The tax is apercentage of the taxpayer's State net income computed as follows:

Income Years Beginning                                                                Tax

In 1997                                                                                        7.5%

In 1998                                                                                        7.25%

In 1999                                                                                        7%

After 1999                                                                                    6.9%.

 (1939, c. 158, s. 311; 1941, c. 50, s. 5; 1943, c.400, s. 4; 1945, c. 752, s. 3; 1953, c. 1302, s. 4; 1955, c. 1350, s. 18; 1957,c. 1340, s. 4; 1959, c. 1259, s. 4; 1963, c. 1169, s. 2; c. 1186; 1967, c.1110, s. 3; 1973, c. 1287, s. 4; 1975, c. 275, s. 4; 1977, c. 657, s. 4; 1979,c. 179, s. 2; 1981, c. 15; 1983, c. 713, s. 69; 1987, c. 622, s. 8; 1987 (Reg.Sess., 1988), c. 1089, s. 5; 1989, c. 728, s. 1.33; 1991, c. 689, s. 258; 1996,2nd Ex. Sess., c. 13, s. 2.1.)

State Codes and Statutes

Statutes > North-carolina > Chapter_105 > GS_105-130_3

§105‑130.3.  Corporations.

A tax is imposed on the Statenet income of every C Corporation doing business in this State. An SCorporation is not subject to the tax levied in this section. The tax is apercentage of the taxpayer's State net income computed as follows:

Income Years Beginning                                                                Tax

In 1997                                                                                        7.5%

In 1998                                                                                        7.25%

In 1999                                                                                        7%

After 1999                                                                                    6.9%.

 (1939, c. 158, s. 311; 1941, c. 50, s. 5; 1943, c.400, s. 4; 1945, c. 752, s. 3; 1953, c. 1302, s. 4; 1955, c. 1350, s. 18; 1957,c. 1340, s. 4; 1959, c. 1259, s. 4; 1963, c. 1169, s. 2; c. 1186; 1967, c.1110, s. 3; 1973, c. 1287, s. 4; 1975, c. 275, s. 4; 1977, c. 657, s. 4; 1979,c. 179, s. 2; 1981, c. 15; 1983, c. 713, s. 69; 1987, c. 622, s. 8; 1987 (Reg.Sess., 1988), c. 1089, s. 5; 1989, c. 728, s. 1.33; 1991, c. 689, s. 258; 1996,2nd Ex. Sess., c. 13, s. 2.1.)


State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_105 > GS_105-130_3

§105‑130.3.  Corporations.

A tax is imposed on the Statenet income of every C Corporation doing business in this State. An SCorporation is not subject to the tax levied in this section. The tax is apercentage of the taxpayer's State net income computed as follows:

Income Years Beginning                                                                Tax

In 1997                                                                                        7.5%

In 1998                                                                                        7.25%

In 1999                                                                                        7%

After 1999                                                                                    6.9%.

 (1939, c. 158, s. 311; 1941, c. 50, s. 5; 1943, c.400, s. 4; 1945, c. 752, s. 3; 1953, c. 1302, s. 4; 1955, c. 1350, s. 18; 1957,c. 1340, s. 4; 1959, c. 1259, s. 4; 1963, c. 1169, s. 2; c. 1186; 1967, c.1110, s. 3; 1973, c. 1287, s. 4; 1975, c. 275, s. 4; 1977, c. 657, s. 4; 1979,c. 179, s. 2; 1981, c. 15; 1983, c. 713, s. 69; 1987, c. 622, s. 8; 1987 (Reg.Sess., 1988), c. 1089, s. 5; 1989, c. 728, s. 1.33; 1991, c. 689, s. 258; 1996,2nd Ex. Sess., c. 13, s. 2.1.)