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Section .0400 ‑ Interest Income On Government Obligations


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.