17 NCAC 05C .0401. NORTH CAROLINA OBLIGATIONS

Latest version.

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.

History Note: Authority G.S. 105‑130.5; 105‑262;

Eff. February 1, 1976;

Amended Eff. April 1, 1991.

                    
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