2005-2006 Corporate Income Tax Technical Bulletins

Index

A B C D E F G H I J L M N O P R S T V W

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P

PAWNBROKERS

Privilege taxes

   Local agency taxation (105-88(a)) …………………………………………   VI.G.

 

PAYMENT

Electronic funds transfer (105-241(b)) …………………………………... VIII.B.

Penalties

   Failure to pay tax when due

      Willful failure (105-236) ………………………………… VIII.B.3., VIII.C.8.

 

PENALTIES

Bad checks (105-236) ……………………………………………………   VIII.C.3.

Discretion of Secretary of Revenue over penalties (105-237)

   Waiver (105-237(a)) ………………………………………………….   VIII.C.13.

Evasion

   Attempt to evade or defeat tax (105-236) …………….………………..   VIII.C.6.

Fraud (105-236) …………………………………………………………   VIII.C.8.

   Aid or assistance in fraud (105-236) …………………………………...   VIII.C.8.

Licenses

   Failure to obtain (105-236) ………………………………………………   VI.A.5.

Negligent failure to comply with provisions (105-236) ………………..   VIII.C.6.

Officers, agents and employees

   Violations by (105-233) ………………………………………………..   VIII.C.9.

      Aid and/or abetting (105-234) ……………………………………….   VIII.C.9.

Payment

   Failure to pay tax when due

      Willful failure (105-236) ……………………………………………. VIII.C.2.

Reports

   Suspension of corporate charter for failure to file (105-230(a)) …..   I.A.5., II.S.1.

      Exercising corporate functions after suspension (105-230(b)) …………   II.S.1.

Returns

   Failure to file (105-236) ………………………………………………..   VIII.C.2.

Willful failure to file return, supply information or pay tax

   (105-236) ……………………………………………………   VIII.C.6., VIII.C.8.

 

PERFORMANCES

Amusement taxes

   Imposition of tax (105-37.1(a)) ……………………………………………     VI.B.

 

PHOTOGRAPHY AND PHOTOSTATING

License taxes

   Professional licenses generally (105-41) ……….………………………..   VI.E.1.

 

PHYSICIANS AND SURGEONS

Licenses

   Statewide license for privilege to practice (105-41) ……………………..   VI.E.1.

 

PIPED NATURAL GAS (105-187.40 - 105-187.46) .………………………      V.C.

Distribution (105-187.44(b)) ...............…………………………………….. V.C.5.

Generally (105-187.41) ......................……………………………………...   V.C.1.

Information returns (105-187.45(b)) .......................……………………… V.C.4.

Liability for tax (105-187.42) ........................……………………………...   V.C.1.

Payment (105-187.43(a)) .........................………………………………….    V.C.3.

Persons responsible for payment (105-187.42) ...............………………... V.C.2.

Rate (105-187.41(b)) .................................…………………………………    V.C.1.

Records (105-187.46(a)) ..........................................……………………….   V.C.3.

Returns

   Quarterly returns (105-187.43(c)) .............................…………………….   V.C.3.

 

PODIATRISTS

Licenses

   Statewide license for privilege to practice (105-41) ……………………..   VI.E.1.

 

PORTS AUTHORITY

Corporate income tax

   Credits

      Ports authority wharfage and handling charges on exports

         Definitions (105-130.41(c)) …………………………………………   III.A.9.

         Generally (105-130.41(a), (b))………………………………………   III.A.9.

         Sunset provision (105-130.41(d))……………………….…………... III.A.9.

 

POULTRY COMPOSTING FACILITIES

Corporate income tax credit (105-130.44) ……………………………...   III.A.11.

 

PRIVILEGE TAXES (105-33 - 105-109)

Alcoholic beverages tax

   See ALCOHOLIC BEVERAGES TAX

Amusements

   Due date (105-37.1(b)) ……………………………….………………..   VI.B.2.b.

   Payment (105-37.1(b)) ……………………………………...   VI.B.2.a., VI.B.2.b.

   Rate (105-37.1(b)) ………………………………….………………….   VI.B.2.a.

   Reports

     Advance reports

         Out of state shows, performances, etc. (105-37.1(c)) ……………….   VI.B.3.

   Scope (105-37.1(a)) ……………………………………………………...   VI.B.1.

Amusements - certain exhibitions, performances and

   entertainment exempt …………………………………………………….   VI.D.

Application for license (105-104(a)) ………….…………………………..   VI.A.2.

Attorneys-at-law and other professionals …………………………………     VI.E.

   Licenses ………………………………………………………………….. VI.E.3. 

   Persons exempt from the tax …………………………………………….. VI.E.2.

   Professions and/or businesses requiring a privilege license ……………... VI.E.1.

Banks (105-102.3) ...............………………….……………………………...  VI.H.

   International banking facility ……………………………………………. VI.H.3.

   Loan agency taxation

      Exemption of banks (105-88(b)) .......………………………………….   VI.G.5.

   Multistate operations …………………………………………………….   VI.H.4.

   Report, tax basis and tax rate ……………………………………………. VI.H.2.

   Scope ……………………………………………………………………..   VI.H.1.

Change of name of firm

   Effect (105-106) ………………………………………………………….   VI.A.6.

Check cashing business

   Loan agency taxation (105-88(a)) ………………………………………….   VI.G.

Cigarettes and tobacco products

   Distributors

       General provisions (105-133.5 - 105-133.33)

                      See CIGARETTES AND TOBACCO PRODUCTS

   Duplicate or amended license (105-113.4A(c)) …………………………..   V.A.2.

   Generally (105-113.4A(a)) …………………………………………………   V.A.

   Tobacco products tax

      Wholesale dealer or retail dealer

         Requirement of license (105-113.36) ………………………………   V.A.26.

Credit unions

   Loan agency taxation

      Exemption of banks, etc. (105-88(b)) …………………………………  VI.G.5.

Criminal law and procedure

   See CRIMINAL LAW AND PROCEDURE

Dances, athletic events, shows, exhibitions, and other entertainment …...   VI.B.

   Advance report …………………………………………………………...   VI.B.3.

   Rate and payment of tax …………………………………………………   VI.B.2.

      Computation …………………………………………………………   VI.B.2.a.

      Payment ……………………………………….……………………..   VI.B.2.b.

   Scope ……………………………………………………………………..   VI.B.1.

Distributors

   Cigarette tax

       General provisions (105-113.5 - 105-113.33)

                      See CIGARETTES AND TOBACCO PRODUCTS

Exemptions (105-40) ………………………………………………………..  VI.D.

Failure to obtain license

   Penalty (105-236) ……………………………………………………….. VI.A.5.

General information ………………………………………………………..   VI.A.

   Effect of change in name of firm ………………………………………...   VI.A.6.

   Engaged in more than one business ………….…………………………..   VI.A.4.

   Liability upon transfer of business ………………………………………   VI.A.7.

   License required ………………………………………………………….   VI.A.2.

   Penalty ……………………………………………………………………   VI.A.5.

   Property used in a licensed business not exempt from taxation …………   VI.A.8.

   Scope and nature …………………………………………………………   VI.A.1.

   Tax year …………………………………………………………………. VI.A.3.

Imposition (105-33(a)) …………………………………………………….   VI.A.1.

Installment paper dealers (105-83) …………………………………………   VI.F.

   Additional tax and reports ………………………………………………..   VI.F.2.

   Basis for taxation ………………………………………………………… VI.F.1.

   Liability for direct loans ………………………………………………….   VI.F.4.

   Nonresident engaged in business …………………………………………   VI.F.3.

Issuance of license (105-104(b)) …………………………………………..   VI.A.2.

Licenses

   Application for license (105-104(a)) …………………………………….   VI.A.2.

   Display of license (105-109(b)) ………………………………………….   VI.A.2.

   Issuance (105-104(b)) ……………………………………………………   VI.A.2.

   Penalties for non-compliance with article (105-109(d)) …………………   VI.A.5.

   Requirement of license (105-109(b)) …………………………………….   VI.A.2.

   Significance of license requirement (105-103) …………………………..   VI.A.2.

License taxes under article (105-33(b)) …………………………………. VI.A.1.

Loan agencies (105-88) ……………………………………………………...   VI.G.

Loan agencies or brokers, including pawnbrokers and check cashers ….   VI.G.

   Exempt entities …………………………………………………………...   VI.G.5.

   Loan statement required …………………………………………………   VI.G.4.

   Non-compliance with G.S 105-88 ……………………………………….   VI.G.6.

   Privilege tax …………………………………………….………………..   VI.G.1.

   Real estate loans - loaning own funds …………………………………... VI.G.2.

   Real estate loans - personal property collateral ………………………….   VI.G.3.

Motion picture shows ……………………………………………………….    VI.C.

   Alternate basis of tax …………………………………………………….   VI.C.3.

   Imposition of privilege taxes (105-38.1(a)) .........…………….………….   VI.C.1.

   Rate and payment of tax …………………………………………………   VI.C.2.

   Scope …………………………………………………………………….   VI.C.1.

Multiple businesses

   Payment of tax on each (105-105) ……………………………………….   VI.A.2.

Names

   Change of name of firm

      Effect (105-106) ……………………………………………...   VI.A.6., VI.A.7.

Newspapers

   Publishers of newsprint publications (105-102.6) …………………………. VI.I.

Newsprint publishers

   Applicability (105-102.6(e)) ………………….………………………….. VI.I.1.

   Disposition of net proceeds (105-102.6(f)) ……………………………….   VI.I.6.

   Purpose (105-102.6(a)) ………………………….………………………..   VI.I.1.

   Recycled content percentage (105-102.6(c)) ……………………………...   VI.I.2.

   Reporting requirements (105-102.6(d)(e)) ………………………………..   VI.I.4.

   Tax reporting number (105-102.6(d)) ……………………………………. VI.I.4.

Operation without license (105-103) ……………………………………..   VI.A.2.

Other taxes (105-33(b)) ………………………………….………………..   VI.A.1.

Pawnbrokers

   Loan agency taxation (105-88(a)) …………………………………………   VI.G.

Penalties for non-compliance with article (105-109(d)) ………………...   VI.A.5.

Professional licenses (105-41(a)) ……………………………………………     VI.E.

   Accounting (105-41(c)) ………………………………………………….   VI.E.1.

   County and city taxes prohibited (105-41(h)) ……………………………   VI.E.3.

   Exemptions

      Aged persons (105-41(b))…………………………….………………...   VI.E.2.

      Faith healing (105-41(b)) …………………………….……………….. VI.E.2.

   Personal privilege licenses (105-41(e)) …………………………………. VI.E.3.

   Practice of profession not authorized solely on authority conferred

      by license under provisions of article (105-41(i)) ……………………...   VI.E.3.

Publishers of newsprint publications ……………………………………….   VI.I.

   Exemption ………………………………………………………………...   VI.I.5.

   Minimum recycled content percentage …………………………………... VI.I.2.

   Recycling program partial credit ………………………………………….   VI.I.3.

   Scope ……………………………………….……………………………. VI.I.1.

   Tax reporting number, tax report, and tax ………………….…………….   VI.I.4.

   Use of proceeds ………………………………………………….………..   VI.I.6.

Real estate loan negotiation business

   Loan agency taxation

      Exemption of banks, etc. (105-88(b)) …………………………………  VI.G.5.

Recycled newsprint (105-102.6) ……………………………………………..    VI.I.

Savings and loan associations

   Loan agency taxation

      Exemption of banks, etc. (105-88(b)) …………………………………  VI.G.5.

Transfer of business or property

   Liability of transferee to investigate tax liability (105-33(h)) …….……..   VI.A.7.

Trust companies

   Loan agency taxation

     Exemption of banks, etc. (105-88(b)) …………………………………  VI.G.5.

 


A B C D E F G H I J L M N O P R S T V W