§ 105-1. Title and purpose of Subchapter. - North Carolina Statutes

Chapter105.

Taxation.

SUBCHAPTER I. LEVY OFTAXES.

§ 105‑1.  Title andpurpose of Subchapter.

The title of this Subchaptershall be "The Revenue Act." The purpose of this Subchapter shall beto raise and provide revenue for the necessary uses and purposes of thegovernment and State of North Carolina during the next biennium and eachbiennium thereafter, and the provisions of this Subchapter shall be and remainin full force and effect until changed by law. It is the policy of this Statethat as many State taxes as possible be structured so that they are deductiblefor federal income tax purposes under the Internal Revenue Code. (1939,c. 158, ss. A, B; 1941, c. 50, s. 1; 1983 (Reg. Sess., 1984), c. 1097, s. 1.)