Article 4C.
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Article 4C.
Filing of Declarations of Estimated Income Tax and Installment Payments of Estimated Income Tax by Corporations.
§ 105-163.38. Definitions.
The following definitions apply in this Article, unless the context requires otherwise:
(1)Code. - Defined in G.S. 105-228.90.
(1a)Corporation. - Defined in section 7701 of the Code.
(2)Estimated tax. - The amount of income tax the corporation estimates as the amount imposed by Article 4 for the taxable year.
(3)Fiscal year. - An accounting period of 12 months ending on the last day of any month other than December.
(4)Secretary. - The Secretary of Revenue.
(5)Taxable year. - The calendar year or fiscal year used as a basis to determine net income under Article 4. If no fiscal year has been established, "fiscal year" means the calendar year. In the case of a return made for a fractional part of the year under Article 4, or under rules prescribed by the Secretary, "taxable year" means the period for which the return is made.
(6)Taxed pass-through entity. - Defined in G.S. 105-153.3. (1959, c. 1259, s. 1A; 1973, c. 476, s. 193; 1983, c. 713, s. 86; 1989 (Reg. Sess., 1990), c. 984, s. 15; 1991 (Reg. Sess., 1992), c. 922, s. 8; 1993, c. 12, s. 10; 2021-180, s. 42.5( l ).)