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North Carolina Administrative Code Title 17 — Revenue

17 NCAC 05C .0402

Obligations Of Other States

Official textreports.oah.state.nc.us

Net interest income earned by a corporation on its investments in obligations issued by states and their political subdivisions other than the State of North Carolina, represents taxable income and is subject to this state's income tax.

Last amended: Authority G.S. 105-130.5; 105-262; Eff. February 1, 1976; Amended Eff. April 1, 1991; 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-1701 · Non-Profit Organizations
  2. 17-05b-1702 · Corporations Fully Exempt
  3. 17-05b-1703 · Franchise Motor Carriers
  4. 17-05b-1704 · Regulated Investment Companies
  5. 17-05c-0101 · Domestic And Foreign Corporations Required To File
  6. 17-05c-0102 · Doing Business Defined
  7. 17-05c-0103 · Corporations Operating In Interstate Commerce
  8. 17-05c-0104 · Tax Rate And Basis For The Tax
  9. 17-05c-0105 · Corporations Required To Allocate Income
  10. 17-05c-0106 · When In Doubt As To Liability
  11. 17-05c-0107 · Tax Forms Mailed To Taxpayer
  12. 17-05c-0108 · Due Date Of Return
  13. 17-05c-0201 · Preliminary Statement
  14. 17-05c-0202 · Amount Of Credit Allowable
  15. 17-05c-0203 · Building Code And Other Requirements
  16. 17-05c-0301 · Preliminary Statement
  17. 17-05c-0302 · Adjustments To Federal Taxable Income
  18. 17-05c-0303 · Miscellaneous
  19. 17-05c-0304 · Attribution Of Expenses To Nontaxable Income
  20. 17-05c-0401 · North Carolina Obligations
  21. 17-05c-0402 · Obligations Of Other States
  22. 17-05c-0403 · U.S. Obligations
  23. 17-05c-0404 · Sales Or Exchanges
  24. 17-05c-0405 · Obligations Of Federal National Mortgage Association
  25. 17-05c-0406 · Mortgage Backed Certificate Guaranteed By Gnma
  26. 17-05c-0407 · Repurchase Agreements
  27. 17-05c-0501 · Preliminary Statement
  28. 17-05c-0502 · Reporting Net Income Or Loss To North Carolina
  29. 17-05c-0601 · Preliminary Statement
  30. 17-05c-0602 · Definition Of Taxpayer
  31. 17-05c-0603 · In General
  32. 17-05c-0604 · When A Taxpayer Is Subject To Tax
  33. 17-05c-0605 · When A State Has Jurisdiction
  34. 17-05c-0701 · Division Of Income: In General
  35. 17-05c-0702 · Business And Nonbusiness Income Defined
  36. 17-05c-0703 · Business And Nonbusiness Income
  37. 17-05c-0704 · Proration Of Deductions
  38. 17-05c-0801 · In General
  39. 17-05c-0802 · Property Used For The Production Of Apportionable Income
  40. 17-05c-0803 · Consistency In Reporting
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