Section 105-130.3 - [Effective for taxable years beginning on or after January 1, 2019 and before January 1, 2025] CorporationsA tax is imposed on the State net income of every C Corporation doing business in this State at the rate of two and one-half percent (2.5%). An S Corporation is not subject to the tax levied in this section.
N.C. Gen. Stat. § 105-130.3
Amended by 2017 N.C. Sess. Laws 57,s. 38.5-b, eff. 1/1/2019.Amended by 2017 N.C. Sess. Laws 57,s. 38.5-a, eff. 1/1/2017.1939, c. 158, s. 311; 1941, c. 50, s. 5; 1943, c. 400, s. 4; 1945, c. 752, s. 3; 1953, c. 1302, s. 4; 1955, c. 1350, s. 18; 1957, c. 1340, s. 4; 1959, c. 1259, s. 4; 1963, c. 1169, s. 2; c. 1186; 1967, c. 1110, s. 3; 1973, c. 1287, s. 4; 1975, c. 275, s. 4; 1977, c. 657, s. 4; 1979, c. 179, s. 2; 1981, c. 15; 1983, c. 713, s. 69; 1987, c. 622, s. 8; 1987 (Reg. Sess., 1988), c. 1089, s. 5; 1989, c. 728, s. 1.33; 1991, c. 689, s. 258; 1996, 2nd Ex. Sess., c. 13, s. 2.1.This section is set out more than once. See § 105-130.3, effective for taxable years beginning on or after 1/1/2017 and before 1/1/2019; § 105-130.3,effective for taxable years beginning on or after 1/1/2019, and § 105-130.3,effective for taxable years beginning on or after 1/1/2025.