17 N.C. Admin. Code 05C .0401 - NORTH CAROLINA OBLIGATIONS
Net interest income received by a corporation on obligations of the State of North Carolina and any of its cities, towns or counties is exempt from income taxes imposed by this state.
Notes
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.
Eff. February 1, 1976;
Amended Eff. April 1, 1991.
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.