N.D. Admin. Code 81-10.1-01-01

Current through Supplement No. 394, October, 2024

Section 81-10.1-01-01 - Subchapter S election

If a corporation elects to file its federal tax return under subchapter S of the Internal Revenue Code of 1986, as amended, "federal taxable income" means the income or loss as computed on Schedule K of the S-corporation's federal return.

N.D. Admin Code 81-10.1-01-01

Effective July 1, 1998.

General Authority: NDCC 28-32-02

Law Implemented: NDCC 57-35.3-01