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North Carolina Administrative Code Title 17 — Revenue

17 NCAC 05B .1501

Computation Of Tax

Official textreports.oah.state.nc.us

A change in income year automatically establishes a new franchise year. A combined franchise and income tax return is required for the short income period. Credit is permitted on such return against the franchise tax to the extent that the new franchise year overlaps the old year.

Last amended: Authority G.S. 105-122; 105-262; Eff. February 1, 1976; Amended Eff. October 31, 1981; 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-1114 · Holding Companies
  2. 17-05b-1115 · Cash Basis Corporations
  3. 17-05b-1201 · Apportionment Formula
  4. 17-05b-1202 · Alternative Apportionment Formula
  5. 17-05b-1301 · Basis For The Investment Base
  6. 17-05b-1302 · What Is Includable In The Investment Base
  7. 17-05b-1303 · Treatment Of Construction In Progress
  8. 17-05b-1304 · Carrier Operations Property Exempt From Investment Base
  9. 17-05b-1305 · Indebtedness Deduction
  10. 17-05b-1306 · Refinancing Of A Loan
  11. 17-05b-1307 · Pollution Abatement Facilities
  12. 17-05b-1308 · Deduction For Qualified Recycling Facilities
  13. 17-05b-1309 · Determination Of Inclusion By Depreciation
  14. 17-05b-1310 · No Limitation On Holding Companies
  15. 17-05b-1401 · Basis For Tangible Property
  16. 17-05b-1402 · Carrier Operations Appraised Property Exempt
  17. 17-05b-1403 · Average Bank Balance
  18. 17-05b-1404 · Intangible Property
  19. 17-05b-1405 · No Limitation On Holding Companies
  20. 17-05b-1406 · Investment Base Property Included
  21. 17-05b-1501 · Computation Of Tax
  22. 17-05b-1502 · Computation Of Tax When Merger Is Involved
  23. 17-05b-1601 · Initial Requirements
  24. 17-05b-1602 · Franchise Tax Payable In Advance
  25. 17-05b-1701 · Non-Profit Organizations
  26. 17-05b-1702 · Corporations Fully Exempt
  27. 17-05b-1703 · Franchise Motor Carriers
  28. 17-05b-1704 · Regulated Investment Companies
  29. 17-05c-0101 · Domestic And Foreign Corporations Required To File
  30. 17-05c-0102 · Doing Business Defined
  31. 17-05c-0103 · Corporations Operating In Interstate Commerce
  32. 17-05c-0104 · Tax Rate And Basis For The Tax
  33. 17-05c-0105 · Corporations Required To Allocate Income
  34. 17-05c-0106 · When In Doubt As To Liability
  35. 17-05c-0107 · Tax Forms Mailed To Taxpayer
  36. 17-05c-0108 · Due Date Of Return
  37. 17-05c-0201 · Preliminary Statement
  38. 17-05c-0202 · Amount Of Credit Allowable
  39. 17-05c-0203 · Building Code And Other Requirements
  40. 17-05c-0301 · Preliminary Statement
Full table of contents →