§ 105-130.14. Corporations filing consolidated returns for federal income tax purposes. - North Carolina Statutes

§105‑130.14.  Corporations filing consolidated returns for federal incometax purposes.

Any corporation electing orrequired to file a consolidated income tax return with the Internal RevenueService shall not file a consolidated return with the Secretary of Revenue,unless specifically directed to do so in writing by the Secretary, and shalldetermine its State net income as if a separate return had been filed forfederal purposes. (1967, c. 1110, s. 3; 1973, c. 476, s. 193.)