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North Carolina Administrative Code Title 17 — Revenue

17 NCAC 05C .0801

In General

Official textreports.oah.state.nc.us

# (a)

The property factor as provided in G.S. 105-130.4 shall include all real and tangible personal property owned or rented and used during the income year to produce apportionable income. The term "real and tangible personal property" includes land, buildings, machinery, stocks of goods, equipment, and other real and tangible personal property used in connection with the production of apportionable income but does not include coin or currency.

# (b)

Property used in connection with the production of nonapportionable income that is allocated in accordance with Subsection (c) to (h) of G.S. 105-130.4 shall be excluded from the factor.

# (c)

Property used in connection with the production of both apportionable and nonapportionable income shall be included in the factor only to the extent the property was used in connection with the production of apportionable income.

Last amended: Authority G.S. 105-130.4; 105-262; Eff. February 1, 1976; Amended Eff. January 1, 2005; January 1, 1994; Readopted Eff. May 1, 2018; Expired Eff. October 1, 2025 pursuant to G.S. 150B-21.3A.

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In this chapter (40 sections)
  1. 17-05c-0303 · Miscellaneous
  2. 17-05c-0304 · Attribution Of Expenses To Nontaxable Income
  3. 17-05c-0401 · North Carolina Obligations
  4. 17-05c-0402 · Obligations Of Other States
  5. 17-05c-0403 · U.S. Obligations
  6. 17-05c-0404 · Sales Or Exchanges
  7. 17-05c-0405 · Obligations Of Federal National Mortgage Association
  8. 17-05c-0406 · Mortgage Backed Certificate Guaranteed By Gnma
  9. 17-05c-0407 · Repurchase Agreements
  10. 17-05c-0501 · Preliminary Statement
  11. 17-05c-0502 · Reporting Net Income Or Loss To North Carolina
  12. 17-05c-0601 · Preliminary Statement
  13. 17-05c-0602 · Definition Of Taxpayer
  14. 17-05c-0603 · In General
  15. 17-05c-0604 · When A Taxpayer Is Subject To Tax
  16. 17-05c-0605 · When A State Has Jurisdiction
  17. 17-05c-0701 · Division Of Income: In General
  18. 17-05c-0702 · Business And Nonbusiness Income Defined
  19. 17-05c-0703 · Business And Nonbusiness Income
  20. 17-05c-0704 · Proration Of Deductions
  21. 17-05c-0801 · In General
  22. 17-05c-0802 · Property Used For The Production Of Apportionable Income
  23. 17-05c-0803 · Consistency In Reporting
  24. 17-05c-0804 · Numerator
  25. 17-05c-0805 · Valuation Of Owned Property
  26. 17-05c-0806 · Rented Property
  27. 17-05c-0807 · Averaging Property Values
  28. 17-05c-0901 · In General
  29. 17-05c-0902 · Payroll Accounting Method
  30. 17-05c-0903 · Compensation
  31. 17-05c-0904 · The Term Employee
  32. 17-05c-0905 · Include In Payroll Factor
  33. 17-05c-0906 · Denominator Of Payroll Factor
  34. 17-05c-0907 · Numerator Of Payroll Factor
  35. 17-05c-0908 · Corporations Utilizing Common Paymaster
  36. 17-05c-1001 · Sales Made In General Business Operations
  37. 17-05c-1002 · Sales Incidental To General Business Operations
  38. 17-05c-1003 · Sales Made In Other Type Of Business Activity
  39. 17-05c-1004 · Numerator
  40. 17-05c-1005 · What Sales Of Tangible Personal Property Are In This State
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