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North Carolina Administrative Code Title 17 — Revenue

17 NCAC 05B .1108

Exclusion Provision Limited To Indebtedness Owed

Official textreports.oah.state.nc.us

The exclusion from the net worth base of indebtedness owed that is permitted the debtor corporation and the deduction permitted the creditor corporation in G.S. 105-122 are applicable only to indebtedness owed to or due from a parent, subsidiary, or affiliated corporation. These provisions do not apply where the indebtedness is only endorsed or guaranteed.

Last amended: Authority G.S. 105-122; 105-262; Eff. February 1, 1976; Amended Eff. January 1, 1994; Readopted Eff. May 1, 2018.

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In this chapter (40 sections)
  1. 17-05b-0704 · Distribution To Municipalities
  2. 17-05b-0801 · Basis For Taxation
  3. 17-05b-0802 · Due Date Of The Tax
  4. 17-05b-0803 · Corporation Billed For The Tax
  5. 17-05b-0901 · Basis For Taxation
  6. 17-05b-0902 · Due Date Of The Tax
  7. 17-05b-0903 · Corporation Billed For The Tax
  8. 17-05b-1001 · Basis For The Tax
  9. 17-05b-1002 · Franchise Tax Bases
  10. 17-05b-1003 · Corporations Required To File
  11. 17-05b-1004 · Forms To Be Used For Filing
  12. 17-05b-1005 · Report And Payment Due
  13. 17-05b-1006 · Tax Rate
  14. 17-05b-1101 · Based On The Year Ending Balance Sheet
  15. 17-05b-1102 · Surplus Defined
  16. 17-05b-1103 · Items Includable And Excludable
  17. 17-05b-1104 · Exclusion Of Retained Earnings By Parent Corporation
  18. 17-05b-1105 · Investment In Subsidiary
  19. 17-05b-1106 · Borrowed Capital Treatment: Debtor Corporation
  20. 17-05b-1107 · Borrowed Capital Treatment: Creditor Corporation
  21. 17-05b-1108 · Exclusion Provision Limited To Indebtedness Owed
  22. 17-05b-1109 · Equity Capital Not Deductible
  23. 17-05b-1110 · Reciprocal Indebtedness Between Affiliates
  24. 17-05b-1111 · Indebtedness Defined
  25. 17-05b-1112 · Borrowed Capital Defined
  26. 17-05b-1113 · Deduction For Qualified Recycling Facilities
  27. 17-05b-1114 · Holding Companies
  28. 17-05b-1115 · Cash Basis Corporations
  29. 17-05b-1201 · Apportionment Formula
  30. 17-05b-1202 · Alternative Apportionment Formula
  31. 17-05b-1301 · Basis For The Investment Base
  32. 17-05b-1302 · What Is Includable In The Investment Base
  33. 17-05b-1303 · Treatment Of Construction In Progress
  34. 17-05b-1304 · Carrier Operations Property Exempt From Investment Base
  35. 17-05b-1305 · Indebtedness Deduction
  36. 17-05b-1306 · Refinancing Of A Loan
  37. 17-05b-1307 · Pollution Abatement Facilities
  38. 17-05b-1308 · Deduction For Qualified Recycling Facilities
  39. 17-05b-1309 · Determination Of Inclusion By Depreciation
  40. 17-05b-1310 · No Limitation On Holding Companies
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