North Carolina Administrative Code (Last Updated: November 13, 2014) |
TITLE 17. REVENUE |
CHAPTER 05. CORPORATE FRANCHISE, INCOME, AND INSURANCE TAXES |
SUBCHAPTER B. FRANCHISE TAX |
17 NCAC 05B .0104. INACTIVE CORPORATIONS
Latest version.
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A corporation that is inactive and without assets is subject annually to a minimum franchise tax. A return is required containing a statement of the status of the corporation. Failure to file this return and pay the minimum tax will result in suspension of the articles of incorporation or certificate of authority.
History Note: Authority G.S. 105‑114; 105‑262;
Eff. February 1, 1976;
Amended Eff. November 1, 1991; November 1, 1987.