D. Holding Companies (G.S. 105-120.2)
A holding company is any corporation that receives more than eighty
percent (80%) of its gross income during its taxable year from
corporations in which it owns, directly or indirectly, more than
fifty percent (50%) of the outstanding voting stock.
- Basis for Taxation
The basis of the tax is the same as for general business corporations.
However, franchise tax payable by a qualified holding company
on its capital stock and surplus tax base shall be limited to
an amount not exceeding $75,000. There is no limitation on the
amount of franchise tax payable where the alternative tax bases
of investment in tangible property or appraised value of property