North Carolina § 105-127 When franchise or privilege taxes payable

North Carolina Statutes

§ 105-127 — When franchise or privilege taxes payable

North Carolina § 105-127

Ch. 105Taxation

Art. 3Franchise Tax

Subch. ILEVY OF TAXES

This text of North Carolina § 105-127 (When franchise or privilege taxes payable) 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. § 105-127 (2026).

Text

(a)Every corporation, domestic or foreign, that is required to file a return with the Secretary shall, unless otherwise provided, pay annually the franchise tax as required by G.S. 105-122.

(b)Repealed by Session Laws 1998-98, s. 78, effective August 14, 1998.

(c)It shall be the duty of the treasurer or other officer having charge of any such corporation, domestic or foreign, upon which a tax is herein imposed, to transmit the amount of the tax due to the Secretary of Revenue within the time provided by law for payment of same.

(d), (e) Repealed by Session Laws 2002-72, s. 11, effective August 12, 2002.

(f)After the end of the income year in which a domestic corporation is dissolved pursuant to Part 1 of Article 14 of Chapter 55 of the General Statutes, the corporation is no longer sub

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(a) Every corporation, domestic or foreign, that is required to file a return with the Secretary shall, unless otherwise provided, pay annually the franchise tax as required by G.S. 105-122.
(b) Repealed by Session Laws 1998-98, s. 78, effective August 14, 1998.
(c) It shall be the duty of the treasurer or other officer having charge of any such corporation, domestic or foreign, upon which a tax is herein imposed, to transmit the amount of the tax due to the Secretary of Revenue within the time provided by law for payment of same.
(d), (e) Repealed by Session Laws 2002-72, s. 11, effective August 12, 2002.
(f) After the end of the income year in which a domestic corporation is dissolved pursuant to Part 1 of Article 14 of Chapter 55 of the General Statutes, the corporation is no longer subject to the tax levied in this Article unless the Secretary of Revenue finds that the corporation has engaged in business activities in this State not appropriate to winding up and liquidating its business and affairs. (1939, c. 158, s. 215; 1973, c. 476, s. 193; 1991, c. 30, s. 7; 1993, c. 485, s. 6; 1998-98, s. 78; 2002-72, s. 11; 2011-330, s. 9; 2013-414, s. 1(d).)
§ 105-128: Recodified as G.S. 105-258.3 by Session Laws 2019-169, s. 6.6(a).