North Carolina § 105-130.14 Corporations filing consolidated returns for federal income tax purposes

North Carolina Statutes

§ 105-130.14 — Corporations filing consolidated returns for federal income tax purposes

North Carolina § 105-130.14

Ch. 105Taxation

Art. 4Income Tax

Subch. ILEVY OF TAXES

This text of North Carolina § 105-130.14 (Corporations filing consolidated returns for federal income tax purposes) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.C. Gen. Stat. § 105-130.14 (2026).

Text

Any corporation electing or required to file a consolidated income tax return with the Internal Revenue Service must determine its State net income as if the corporation had filed a separate federal return and shall not file a consolidated or combined return with the Secretary unless one of the following applies:

(1)The corporation is specifically directed in writing by the Secretary under G.S. 105-130.5A to file a consolidated or combined return.

(2)Repealed by Session Laws 2012-79, s. 1.14(c), effective June 26, 2012.

(3)Pursuant to a written request from the corporation under G.S. 105-130.5A, the Secretary has provided written advice to the corporation stating that the Secretary will allow a consolidated or combined return under the facts and circumstances set out in the request and

Free access — add to your briefcase to read the full text and ask questions with AI

Any corporation electing or required to file a consolidated income tax return with the Internal Revenue Service must determine its State net income as if the corporation had filed a separate federal return and shall not file a consolidated or combined return with the Secretary unless one of the following applies:
(1) The corporation is specifically directed in writing by the Secretary under G.S. 105-130.5A to file a consolidated or combined return.
(2) Repealed by Session Laws 2012-79, s. 1.14(c), effective June 26, 2012.
(3) Pursuant to a written request from the corporation under G.S. 105-130.5A, the Secretary has provided written advice to the corporation stating that the Secretary will allow a consolidated or combined return under the facts and circumstances set out in the request and the corporation files a consolidated or combined return in accordance with that written advice. (1967, c. 1110, s. 3; 1973, c. 476, s. 193; 2010-31, s. 31.10(e); 2012-79, s. 1.14(c).)