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North Carolina Administrative Code Title 17 — Revenue

17 NCAC 05B .1104

Exclusion Of Retained Earnings By Parent Corporation

Official textreports.oah.state.nc.us

A parent corporation may exclude any retained earnings of existing subsidiary corporations which it has capitalized or otherwise recorded on its books from the calculation of the capital stock, surplus and undivided profits base under G.S. 105-122.

Last amended: Authority G.S. 105-122; 105-262; Eff. February 1, 1976; Amended Eff. January 1, 1994; Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. August 19, 2017.

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In this chapter (40 sections)
  1. 17-05b-0603 · Form To Be Used For Filing
  2. 17-05b-0701 · Basis For Taxation
  3. 17-05b-0702 · Due Date Of The Report And Tax
  4. 17-05b-0703 · Form To Be Used For Filing
  5. 17-05b-0704 · Distribution To Municipalities
  6. 17-05b-0801 · Basis For Taxation
  7. 17-05b-0802 · Due Date Of The Tax
  8. 17-05b-0803 · Corporation Billed For The Tax
  9. 17-05b-0901 · Basis For Taxation
  10. 17-05b-0902 · Due Date Of The Tax
  11. 17-05b-0903 · Corporation Billed For The Tax
  12. 17-05b-1001 · Basis For The Tax
  13. 17-05b-1002 · Franchise Tax Bases
  14. 17-05b-1003 · Corporations Required To File
  15. 17-05b-1004 · Forms To Be Used For Filing
  16. 17-05b-1005 · Report And Payment Due
  17. 17-05b-1006 · Tax Rate
  18. 17-05b-1101 · Based On The Year Ending Balance Sheet
  19. 17-05b-1102 · Surplus Defined
  20. 17-05b-1103 · Items Includable And Excludable
  21. 17-05b-1104 · Exclusion Of Retained Earnings By Parent Corporation
  22. 17-05b-1105 · Investment In Subsidiary
  23. 17-05b-1106 · Borrowed Capital Treatment: Debtor Corporation
  24. 17-05b-1107 · Borrowed Capital Treatment: Creditor Corporation
  25. 17-05b-1108 · Exclusion Provision Limited To Indebtedness Owed
  26. 17-05b-1109 · Equity Capital Not Deductible
  27. 17-05b-1110 · Reciprocal Indebtedness Between Affiliates
  28. 17-05b-1111 · Indebtedness Defined
  29. 17-05b-1112 · Borrowed Capital Defined
  30. 17-05b-1113 · Deduction For Qualified Recycling Facilities
  31. 17-05b-1114 · Holding Companies
  32. 17-05b-1115 · Cash Basis Corporations
  33. 17-05b-1201 · Apportionment Formula
  34. 17-05b-1202 · Alternative Apportionment Formula
  35. 17-05b-1301 · Basis For The Investment Base
  36. 17-05b-1302 · What Is Includable In The Investment Base
  37. 17-05b-1303 · Treatment Of Construction In Progress
  38. 17-05b-1304 · Carrier Operations Property Exempt From Investment Base
  39. 17-05b-1305 · Indebtedness Deduction
  40. 17-05b-1306 · Refinancing Of A Loan
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