North Carolina § 105-122.1 Credit for additional annual report fees paid by limited liability companies subject to franchise tax

North Carolina Statutes

§ 105-122.1 — Credit for additional annual report fees paid by limited liability companies subject to franchise tax

North Carolina § 105-122.1

Ch. 105Taxation

Art. 3Franchise Tax

Subch. ILEVY OF TAXES

This text of North Carolina § 105-122.1 (Credit for additional annual report fees paid by limited liability companies subject to franchise tax) 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. § 105-122.1 (2026).

Text

A limited liability company subject to tax under this Article is allowed a credit against the tax imposed by this Article equal to the difference between the annual report fee for corporations under G.S. 55-1-22(a)(23) and the annual report fee for limited liability companies under G.S. 57D-1-22. The credit allowed by this section may not exceed the amount of tax imposed by this Article for the taxable year reduced by the sum of all credits allowed, except payments of tax made by or on behalf of the taxpayer. (2006-66, s. 24A.2(c); 2007-323, s. 30.6(b); 2013-157, s. 26.)
§ 105-123: Repealed by Session Laws 1991, c. 30, s. 1.

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A limited liability company subject to tax under this Article is allowed a credit against the tax imposed by this Article equal to the difference between the annual report fee for corporations under G.S. 55-1-22(a)(23) and the annual report fee for limited liability companies under G.S. 57D-1-22. The credit allowed by this section may not exceed the amount of tax imposed by this Article for the taxable year reduced by the sum of all credits allowed, except payments of tax made by or on behalf of the taxpayer. (2006-66, s. 24A.2(c); 2007-323, s. 30.6(b); 2013-157, s. 26.)
§ 105-123: Repealed by Session Laws 1991, c. 30, s. 1.