Section .0400 ‑ Interest Income On Government Obligations

Link to law: http://reports.oah.state.nc.us/ncac/title 17 - revenue/chapter 05 - corporate franchise, income, and insurance taxes/subchapter c/17 ncac 05c .0401.html
Published: 2015

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SECTION .0400 ‑ INTEREST INCOME ON GOVERNMENT

OBLIGATIONS

 

17 NCAC 05C .0401          NORTH CAROLINA OBLIGATIONS

Net interest income received by a corporation on obligations

of the State of North Carolina and any of its cities, towns or counties is

exempt from income taxes imposed by this state.

 

History Note:        Authority G.S. 105‑130.5; 105‑262;

Eff. February 1, 1976;

Amended Eff. April 1, 1991.