§ 105-122.1. Credit for additional annual report fees paid by limited liability companies subject to franchise tax. - North Carolina Statutes

§ 105‑122.1.  Credit foradditional annual report fees paid by limited liability companies subject tofranchise tax.

A limited liability companysubject to tax under this Article is allowed a credit against the tax imposedby this Article equal to the difference between the annual report fee forcorporations under G.S. 55‑1‑22(a)(23) and the annual report feefor limited liability companies under G.S. 57C‑1‑22(a). The creditallowed by this section may not exceed the amount of tax imposed by thisArticle for the taxable year reduced by the sum of all credits allowed, exceptpayments of tax made by or on behalf of the taxpayer. (2006‑66, s. 24A.2(c);2007‑323, s. 30.6(b).)