Does North Carolina have a state tax return?
For accurate and efficient processing, the Department strongly recommends taxpayers use an electronic eFile option to file their returns. For taxpayers filing using paper forms, you should send us... Your North Carolina income tax return (Form D-400).
Does North Carolina have a throwback rule?
For apportionment purposes, does North Carolina have a "throwback" rule? No. For corporations permitted to apportion income, only those sales made within North Carolina are required to be included in the numerator of the sales factor.
Which states accept composite returns?
States that do allow composite returns include: Alabama, Connecticut, Delaware, Idaho, Wisconsin, South Carolina, Massachusetts, Michigan, North Dakota, New Hampshire, Tennessee, Texas, Nebraska, Oklahoma, Utah, Arizona, New York and Vermont, as well as the District of Columbia.
Which states accept composite returns?
States that do allow composite returns include: Alabama, Connecticut, Delaware, Idaho, Wisconsin, South Carolina, Massachusetts, Michigan, North Dakota, New Hampshire, Tennessee, Texas, Nebraska, Oklahoma, Utah, Arizona, New York and Vermont, as well as the District of Columbia.
What is the franchise tax in North Carolina?
The franchise tax rate is $1.50 per $1,000.00 of capital stock, surplus, and undivided profits or other alternative tax base. The minimum franchise tax is $35.00 with no maximum except for qualified holding companies. The corporate income tax rate is 6.90% of net income attributed to North Carolina.
