reglab/statecodes huggingface dataset:
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .1800 - SCHOLARSHIP AND FELLOWSHIP GRANTS › Section 06B .1802 - REPEALED - FEDERAL PRACTICE TO BE FOLLOWED

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-141(b)(10);
													 105-262;
Eff. February 1, 1976;
Repealed Eff. June 1, 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .1900 - EMPLOYEE DEATH BENEFITS › Section 06B .1901-.1903

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-141(a)(16);
													 105-141.1;
													 105-141(b)(11);
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. August 1, 1986; June 1, 1982; February 18, 1978;
Repealed Eff. June 1,
													 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .2000 - DEPRECIATION AND DEPLETION › Section 06B .2001-.2002

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-147(12);
													 105-262;
Eff. February 1, 1976;
Repealed Eff. June 1, 1982.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .2000 - DEPRECIATION AND DEPLETION › Section 06B .2003-.2004

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-147(12);
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. May 1, 1984; June 1, 1982;
Repealed Eff. June 1, 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .2100 - CONSERVATION AND LAND CLEARING › Section 06B .2101 - REPEALED - GENERAL

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-147(1);
													 105-262;
Eff. February 1, 1976;
Repealed Eff. June 1, 1982.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .2100 - CONSERVATION AND LAND CLEARING › Section 06B .2102 - REPEALED - FEDERAL PRACTICE TO BE FOLLOWED

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-147(1);
													 105-262;
Eff. February 1, 1976;
Repealed Eff. June 1, 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .2200 - TRAVEL EXPENSES › Section 06B .2201 - REPEALED - GENERAL

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-147(1);
													 105-147(2);
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. February 1, 1989;
Repealed Eff. June 1, 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .2200 - TRAVEL EXPENSES › Section 06B .2202 - REPEALED - ORDINARY AND NECESSARY

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-147(1);
													 105-147(2);
													 105-262;
Eff. February 1, 1976;
Repealed Eff. June 1, 1982.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .2200 - TRAVEL EXPENSES › Section 06B .2203 - REPEALED - FEDERAL PRACTICE TO BE FOLLOWED

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-147(1);
													 105-147(2);
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. February 1, 1988; June 1, 1982;
Repealed Eff. June 1,
													 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .2200 - TRAVEL EXPENSES › Section 06B .2204 - REPEALED - REIMBURSEMENT FOR MEALS

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-147(1);
													 105-262;
Eff. March 29, 1981;
Repealed
													 Eff. June 1, 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .2300 - EDUCATION EXPENSES › Section 06B .2301-.2302

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-147(2);
													 105-147(3);
													 105-148(1);
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. February 1, 1988;
Repealed Eff. June 1, 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .2300 - EDUCATION EXPENSES › Section 06B .2303 - REPEALED - EMPLOYER'S EDUCATIONAL ASSISTANCE

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-141(b)(23);
													 105-262;
Eff. March 29, 1981;
Repealed
													 Eff. June 1, 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .2400 - MOVING EXPENSES › Section 06B .2401-.2402

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-141(a)(21);
													 105-147(8);
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. February 1, 1988; March 11, 1978;
Repealed Eff. June 1,
													 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .2400 - MOVING EXPENSES › Section 06B .2403 - REPEALED - MEMBERS OF THE ARMED FORCES

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-141(a)(21);
													 105-147(8);
													 105-262;
Eff. March 11, 1978;
Repealed
													 Eff. June 1, 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .2400 - MOVING EXPENSES › Section 06B .2404 - REPEALED - FOREIGN MOVES

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-141(a)(21);
													 105-147(8);
													 105-262;
Eff. May 1, 1984;
Repealed
													 Eff. June 1, 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .2500 - RETIREMENT PLANS › Section 06B .2501 - REPEALED - GENERAL

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-147(20);
													 105-262;
Eff. February 1, 1976;
Repealed Eff. June 1, 1982.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .2500 - RETIREMENT PLANS › Section 06B .2502 - REPEALED - FEDERAL PRACTICE TO BE FOLLOWED

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-147(20);
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. February 1, 1988; August 1, 1986; May 1, 1984; June 1, 1982;
Repealed Eff. June 1,
													 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .2500 - RETIREMENT PLANS › Section 06B .2503 - REPEALED - INDIVIDUAL RETIREMENT CONTRIBUTIONS

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-147(20);
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. December 17, 1978;
Repealed Eff. June 1, 1982.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .2500 - RETIREMENT PLANS › Section 06B .2504 - REPEALED - FEDERAL PRACTICE TO BE FOLLOWED

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-147(20);
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. May 1, 1984; June 1, 1982;
Repealed Eff. June 1, 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .2600 - CARRY OVER LOSS › Section 06B .2601 - REPEALED - GENERAL

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-147(9)d.; 105-262;
Eff. February 1,
													 1976;
Amended Eff. June 1, 1982;
Repealed Eff. June 1,
													 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .2600 - CARRY OVER LOSS › Section 06B .2602 - REPEALED - DEFINITION

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-147(9)d.; 105-262;
Eff. February 1,
													 1976;
Repealed Eff. June 1, 1982.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .2600 - CARRY OVER LOSS › Section 06B .2603-.2604

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-147(9)d.; 105-262;
Eff. February 1,
													 1976;
Amended Eff. August 1, 1986; June 1, 1982;
Repealed Eff. June 1,
													 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .2700 - INTEREST DEDUCTION › Section 06B .2701-.2708

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-135(11);
													 105-141.3;
													 105-142;
													 105-147(5);
													 105-147(19);
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. November 1, 1988; June 1, 1982;
Repealed Eff. June 1,
													 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .2700 - INTEREST DEDUCTION › Section 06B .2709-.2710

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-147(5);
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. March 11, 1978;
Repealed Eff. June 1, 1982.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .2700 - INTEREST DEDUCTION › Section 06B .2711-.2713

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-147(5);
													 105-262;
Eff. February 1, 1976;
Repealed Eff. June 1, 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .2800 - TAXES PAID › Section 06B .2801-.2806

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-135(11);
													 105-141.3;
													 105-147(6);
													 105-147(19);
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. November 1, 1988; February 1, 1988; August 1, 1986; April 5, 1981;
Repealed Eff. June 1,
													 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .2900 - CASUALTY AND THEFT LOSSES › Section 06B .2901 - REPEALED - GENERAL

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-147(9)a.; 105-147(9)b.; 105-262;
Eff.
													 February 1, 1976;
Amended Eff. February 1, 1988; May 1, 1984; June 1, 1982;
Repealed
													 Eff. June 1, 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .2900 - CASUALTY AND THEFT LOSSES › Section 06B .2902-.2915

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-147(9)a.; 105-147(9)b.; 105-147(9)e.;
													 105-262;
Eff. February 1, 1976;
Amended Eff. April 5, 1981;
Repealed Eff.
													 June 1, 1982.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3000 - CONTRIBUTIONS › Section 06B .3001-.3008

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-147(15);
													 105-147(15a);
													 105-147(16);
105-163.16(e);
													 105-262;
Eff. February 1, 1976;
Amended Eff. November 1, 1988; August 1, 1986; May 1,
													 1984; June 1, 1982;
Repealed Eff. June 1, 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3000 - CONTRIBUTIONS › Section 06B .3009 - REPEALED - CONTRIBUTIONS BY NONRESIDENTS

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-147(15);
													 105-147(16);
													 105-147(18)b.; 105-262;
Eff.
													 February 1, 1976;
Repealed Eff. June 1, 1982.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3100 - MEDICAL EXPENSES › Section 06B .3101-.3111

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-142.1;
													 105-147(11);
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. May 1, 1984; June 1, 1982; April 12, 1981; March 11, 1978;
Repealed Eff. June 1,
													 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3200 - PENALTIES: INDIVIDUAL INCOME TAX › Section 06B .3201-.3202

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-159;
													 105-161(j);
													 105-163.15;
													 105-163.17;
													 105-236;
													 105-241.1(i);
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. October 1, 1991; July 1, 1986; March 11, 1978;
Repealed Eff. June 1,
													 1993.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3200 - PENALTIES: INDIVIDUAL INCOME TAX › Section 06B .3203 - PENALTIES FOR FAILURE TO FILE AND PAY

Current through Register Vol. 39, No. 2, July 15, 2024
(a) General. -- Under the provisions of
											  G.S.
											  105-236, both the "failure to file return" and "failure to pay tax when
											  due" penalties, if due, can be applied for the same period. If a return is filed late without payment of the
											  tax shown due, both the failure to file and failure to pay penalties shall be assessed at the same
											  time.
(b) Extension. -- If the return is filed under an
											  extension, the failure to file penalty applies from the extended filing date rather than from the original
											  due date. The failure to pay penalty applies from the original due date of the return and shall be assessed
											  if the taxpayer does not meet the 90 percent requirement established in
											  17 NCAC 06B
											  .0107. If the 90 percent requirement is met, any remaining tax due shall be paid
											  with the income tax return on or before the expiration of the extension period to avoid the failure to pay
											  penalty. Interest is due on any tax not paid by the original due date from the original due date to the date
											  paid.
(c) Amended Return. -- The failure to pay penalty shall not
											  apply to amounts paid with an amended return if the amount shown due on the return is paid when the return is
											  filed.
(d) Assessment. -- The failure to pay penalty applies to a
											  proposed assessment of additional tax due that is not paid within 45 days of the assessment, unless a request
											  for review is timely filed with the Department in accordance with
											  G.S.
											  105-241.11. If a taxpayer timely requests a Departmental review of a
											  proposed assessment, the failure to pay penalty applies to tax due that is not paid within 45 days of the
											  date the assessment becomes collectible pursuant to
											  G.S.
											  105-241.22(3),
											  G.S.
											  105-241.22(4),
											  G.S.
											  105-241.22(5), or
											  G.S.
											  105-241.22(6).
Authority
													 G.S.
													 105-155;
													 105-157;
													 105-160.6;
													 105-160.7;
													 105-236;
													 105-241.22(3);
													 105-241.22(4);
													 105-241.22(5);
													 105-241.22(6);
													 105-262;
													 105-263;
Eff. April 1, 1978;
Amended
													 Eff. September 1, 2008; July 1, 1999; June 1, 1993; February 1, 1991; June 1, 1990;
Readopted
													 Eff. May 1, 2016.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3200 - PENALTIES: INDIVIDUAL INCOME TAX › Section 06B .3204 - NEGLIGENCE PENALTIES

Current through Register Vol. 39, No. 2, July 15, 2024
When the accuracy-related penalty has been assessed for federal
													 income tax purposes under Section 6662 of the Internal Revenue Code, the 10 percent negligence penalty shall
													 be assessed for state income tax purposes unless the large individual income tax deficiency or other large
													 tax deficiency penalty applies pursuant to
													 G.S.
													 105-236.5(a)(5)b. or c., respectively.
Authority
													 G.S.
													 105-236(a)(5);
													 105-262;
Eff. April 1, 1978;
Amended
													 Eff. April 1, 1999; June 1, 1993;
Readopted Eff. May 1, 2016.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3200 - PENALTIES: INDIVIDUAL INCOME TAX › Section 06B .3205 - REPEALED - FAILURE TO REPORT FEDERAL CHANGES

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-159;
													 105-236(3);
													 105-262;
Eff. April 1, 1978;
Amended
													 Eff. June 1, 1990;
Repealed Eff. June 1, 1993.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3200 - PENALTIES: INDIVIDUAL INCOME TAX › Section 06B .3206 - FRAUD PENALTY

Current through Register Vol. 39, No. 2, July 15, 2024
When an audit is based upon a federal audit report and the fraud
													 penalty has been assessed for federal purposes, the 50 percent fraud penalty shall be assessed for State
													 purposes. When the fraud penalty is assessed, no penalty for negligence shall be assessed with respect to the
													 same deficiency; however, the penalty for failure to file and interest on the underpayment of estimated
													 income tax shall be assessed if applicable with respect to the same deficiency.
Authority
													 G.S.
													 105-159;
													 105-163.15;
													 105-236;
													 105-262;
Eff. April 1, 1978;
Amended
													 Eff. May 1, 2006; July 1, 1999; June 1, 1993;
Pursuant to
													 G.S.
													 150B-21.3A, rule is necessary without substantive public interest Eff. July
													 26, 2015.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3200 - PENALTIES: INDIVIDUAL INCOME TAX › Section 06B .3207 - REPEALED - FAILURE TO FILE INFORMATIONAL RETURNS

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-236;
													 105-262;
Eff. April 1, 1978;
Amended
													 Eff. June 1, 1993;
Repealed Eff. January 1, 1999.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3200 - PENALTIES: INDIVIDUAL INCOME TAX › Section 06B .3208-.3209

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-163.15;
													 105-237;
													 105-262;
Eff. April 1, 1978;
Amended
													 Eff. June 1, 1990;
Repealed Eff. June 1, 1993.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3300 - ACCOUNTING PERIODS AND METHODS › Section 06B .3301-.3305

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-135(5);
													 105-142(a);
													 105-142(b);
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. February 1, 1988; June 1, 1982; April 12, 1981;
Repealed Eff. June 1,
													 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3400 - STATUTE OF LIMITATIONS AND FEDERAL CHANGES › Section 06B .3401 - REPEALED - GENERAL

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-159;
													 105-163.16;
													 105-241.1;
													 105-262;
													 105-266;
													 105-266.1;
105-267;
Eff. February 1,
													 1976;
Repealed Eff. June 1, 1993.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3400 - STATUTE OF LIMITATIONS AND FEDERAL CHANGES › Section 06B .3402 - LIMITATIONS FOR ASSESSMENTS

Current through Register Vol. 39, No. 2, July 15, 2024
A return from which material particulars are missing is not a return
													 for the purpose of determining when the statute of limitations will run. The date the final return is filed
													 is the determining date. There is no statutory provision prohibiting the making of an assessment for a given
													 year after an assessment has already been made for that year. A second assessment can be made upon the
													 discovery of new facts.
Authority
													 G.S.
													 105-241.8;
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. June 1, 1993; February 1, 1991;
Pursuant to
													 G.S.
													 150B-21.3A, rule is necessary without substantive public interest Eff. July
													 26, 2015.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3400 - STATUTE OF LIMITATIONS AND FEDERAL CHANGES › Section 06B .3403 - REPEALED - FEDERAL CHANGES

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-159;
													 105-163.16;
													 105-241.1;
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. February 1, 1991;
Repealed Eff. June 1, 1993.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3400 - STATUTE OF LIMITATIONS AND FEDERAL CHANGES › Section 06B .3404 - FEDERAL CHANGES AND FRAUD

Current through Register Vol. 39, No. 2, July 15, 2024
When there is a federal change and a fraud penalty is assessed by
													 the federal government, the state may open the year on the basis of either fraud or the federal
													 assessment.
Authority
													 G.S.
													 105-159;
													 105-236(a)(3);
													 105-236(a)(6);
													 105-241.8;
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. June 1, 1993;
Pursuant to
													 G.S.
													 150B-21.3A, rule is necessary without substantive public interest Eff. July
													 26, 2015.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3400 - STATUTE OF LIMITATIONS AND FEDERAL CHANGES › Section 06B .3405 - REPEALED - FAILURE TO PAY TAX

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-242(c);
													 105-262;
Eff. February 1, 1976;
Repealed Eff. June 1, 1993.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3400 - STATUTE OF LIMITATIONS AND FEDERAL CHANGES › Section 06B .3406 - REFUNDS

Current through Register Vol. 39, No. 2, July 15, 2024
If the taxpayer has been granted an extension of time for filing the
													 return, the three year period referred to in
													 G.S.
													 105-241.6 is three years from the extended date.
Authority
													 G.S.
													 105-262;
													 105-263;
													 105-241.6;
Eff. February 1, 1976;
Amended Eff. September 1, 2008; May 1, 1994; October 1, 1992; October 1, 1991; June 1, 1990;
Pursuant to G.S.
													 150B-21.3A, rule is necessary without substantive public interest Eff. July
													 26, 2015.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3400 - STATUTE OF LIMITATIONS AND FEDERAL CHANGES › Section 06B .3407 - REPEALED - SERVICE MEMBERS CIVIL RELIEF ACT

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-262; 50 U.S.C.
													 501; P.L.
													 108-189;
Eff. February 1, 1976;
Amended Eff. February 1,
													 2005;
Repealed Eff. May 1, 2016.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3400 - STATUTE OF LIMITATIONS AND FEDERAL CHANGES › Section 06B .3408 - REPEALED - WAIVER OF TIME LIMITATION

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-241.1;
													 105-262;
													 105-266;
													 105-266.1;
Eff. December 17, 1978;
Amended Eff. June 1, 1993;
Repealed Eff. July 1, 2000.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3500 - PARTNERSHIPS › Section 06B .3501 - GENERAL

Current through Register Vol. 39, No. 2, July 15, 2024
The starting point for preparing the North Carolina partnership
													 income tax return (Form D-403) shall be the partnership's total income or loss. If the partnership provides a
													 copy of its federal partnership income tax return (Form 1065) with its North Carolina partnership income tax
													 return, the partnership can enter the sum of lines 1 through 11 of Schedule K, Form 1065 as total income or
													 loss on Form D-403, Part 1, line 1 in lieu of completing Form D-403, Part 6. The adjustments required for
													 individuals under G.S.
													 105-153.5 and
													 105-153.6 shall apply to partnerships.
Authority
													 G.S.
													 105-154(b);
													 105-154(c);
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. June 1, 1990; December 1, 1986;
Readopted Eff. May 1, 2016;
Amended Eff. May 1,
													 2018.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3500 - PARTNERSHIPS › Section 06B .3502 - REPEALED - TAXING PARTNERSHIP INCOME

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-142(c);
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. June 1, 1982;
Repealed Eff. June 1, 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3500 - PARTNERSHIPS › Section 06B .3504-.3509

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-141;
													 105-142(a);
													 105-142(b);
													 105-142(c);
													 105-147(1)(b);
105-147(2);
													 105-147(7); 105-147(15); 105-147(16); 105-154(b); 105-262;
Eff. February 1, 1976;
Amended Eff. February 1, 1988;
Repealed Eff. June 1, 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3500 - PARTNERSHIPS › Section 06B .3510 - REPEALED - ADDITIONAL FIRST YEAR DEPRECIATION

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-147(12);
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. January 21, 1979;
Repealed Eff. June 1, 1982.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3500 - PARTNERSHIPS › Section 06B .3511-.3512

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-136;
													 105-140;
													 105-141(a);
													 105-142(c);
													 105-151;
													 105-154(b);105-262;
Eff.
													 February 1, 1976;
Repealed Eff. June 1, 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3500 - PARTNERSHIPS › Section 06B .3513 - NONRESIDENT PARTNERS

Current through Register Vol. 39, No. 2, July 15, 2024
(a) Although a partnership may treat guaranteed
											  payments to a partner for services or for use of capital as if they were paid to a person who is not a
											  partner, that treatment is only for purposes of determining the partnership's gross income and deductible
											  business expenses. For other tax purposes, guaranteed payments are treated as a partner's distributive share
											  of ordinary income.
(b) Deductions from adjusted gross income do
											  not include a partner's salary, interest on a partner's capital account, partner relocation and mortgage
											  interest differential payments, or payments to a retired partner regardless of whether they were determined
											  without regard to current profits. The payments listed in this Paragraph shall be treated as part of the
											  partnership income.
(c) A nonresident individual partner is not
											  required to file a North Carolina individual income tax return when the only income from North Carolina
											  sources is the nonresident's share of income from a partnership doing business in North Carolina, and the
											  manager of the partnership has reported the income of the nonresident partner, including any guaranteed
											  payments made to the partner, and paid the tax due. A nonresident individual partner may file an individual
											  income tax return and claim credit for the tax paid by the manager of the partnership if the partner submits
											  with the individual income tax return the Schedule NC K-1 or other document from the partnership verifying
											  that the partnership paid tax on behalf of the partner.
Authority
													 G.S.
													 105-153.4(d);
													 105-153.5(b);
													 105-154;
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. May 1, 1994; June 1, 1993; February 3, 1992; October 1, 1991;
Readopted Eff. May 1,
													 2016;
Amended Eff. May 1, 2018.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3500 - PARTNERSHIPS › Section 06B .3514-.3520

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-142(a);
													 105-142(c);
													 105-144(a);
													 105-147(9)a.; 105-154(b);105-262;
Eff. February 1, 1976;
Amended Eff. June 1, 1982;
Repealed Eff. June 1,
													 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3500 - PARTNERSHIPS › Section 06B .3521 - ESTIMATED INCOME TAX

Current through Register Vol. 39, No. 2, July 15, 2024
No estimated income tax is required of a partnership. A resident
													 individual partner who meets the statutory requirements of
													 G.S.
													 105-163.15 must pay estimated income tax on Form NC-40. Nonresident
													 individual partners are not required to pay estimated tax on their distributive share of partnership
													 income.
Authority
													 G.S.
													 105-163.15;
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. November 1, 1994; June 1, 1990;
Pursuant to
													 G.S.
													 150B-21.3A, rule is necessary without substantive public interest Eff. July
													 26, 2015.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3500 - PARTNERSHIPS › Section 06B .3522 - REPEALED - INFORMATION RETURNS

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-154(a);
													 105-262;
Eff. February 1, 1976;
Repealed Eff. June 1, 1993.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3500 - PARTNERSHIPS › Section 06B .3523-.3525

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-142(c);
													 105-152(a)(3);
													 105-154(b);
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. November 1, 1988; May 1, 1984;
Repealed Eff. June 1, 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3500 - PARTNERSHIPS › Section 06B .3526 - REPEALED - TAX CREDITS

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-151.19;
													 105-262;
Eff. June 1, 1990;
Repealed
													 Eff. August 1, 1998.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3500 - PARTNERSHIPS › Section 06B .3527 - DISPOSITION OF PARTNER'S INTEREST

Current through Register Vol. 39, No. 2, July 15, 2024
(a) An interest in a partnership is intangible
											  personal property. Gain from the sale of a nonresident partner's interest in a partnership is not included in
											  the numerator of the fraction the nonresident uses to determine the amount of income subject to tax in North
											  Carolina unless the sale of the partnership interest conveys title to tangible partnership property. If a
											  partnership owning an interest in another partnership sells its interest in that partnership, the nonresident
											  partners of the partnership selling its interest do not include their distributive shares of the gain
											  realized by the partnership from the sale of its partnership interest in the numerator unless the partnership
											  selling its interest is carrying on a trade or business in this State.
(b) Nonresident partners must include their distributive share of the gains
											  or losses from the sale or other disposition of the partnership's assets in the numerator of the fraction in
											  determining North Carolina taxable income. If the sale of partnership interests conveys title to tangible
											  partnership property instead of to limited interests in the partnership, the transaction is considered a sale
											  of partnership assets for purposes of determining North Carolina taxable income.
Authority
													 G.S.
													 105-153.4;
													 105-153.8;
													 105-154;
													 105-262;
Eff. July 1, 1991;
Amended
													 Eff. August 1, 2003; June 1, 1993;
Pursuant to
													 G.S.
													 150B-21.3A, rule is necessary without substantive public interest Eff. July
													 26, 2015.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3500 - PARTNERSHIPS › Section 06B .3528 - PART YEAR RESIDENT PARTNERS

Current through Register Vol. 39, No. 2, July 15, 2024
A part-year resident receiving partnership income from a partnership
													 doing business in North Carolina and in one or more other states, must prorate his share of the partnership's
													 income attributable and not attributable to North Carolina between his periods of residence and nonresidence
													 in accordance with the number of days in each period. The amount required to be included in the numerator of
													 the fraction for determining taxable income is the taxpayer's share of partnership income determined for the
													 period of residence, plus the taxpayer's share of the partnership income attributable to North Carolina
													 during the period of nonresidence.
Authority
													 G.S.
													 105-153.4;
													 105-154;
													 105-262;
Eff. October 1, 1991;
Pursuant
													 to G.S.
													 150B-21.3A, rule is necessary without substantive public interest Eff. July
													 26, 2015.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3600 - LIFE ESTATE AND REMAINDER INTEREST › Section 06B .3601-.3611

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 8-46; 8-47;
													 105-144;
													 105-144(a);
													 105-147(9)b.;
105-147(12);
													 105-148(2); 105-262;
Eff. February 1, 1976;
Amended Eff. June 1, 1982;
Repealed Eff. June 1, 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3700 - ESTATES AND TRUSTS › Section 06B .3701 - REPEALED - GENERAL

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-160 to
													 105-163;
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. June 1, 1990;
Repealed Eff. June 1, 1993.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3700 - ESTATES AND TRUSTS › Section 06B .3702 - REPEALED - GROSS INCOME

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-161(a);
													 105-262;
Eff. February 1, 1976;
Repealed Eff. June 1, 1982.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3700 - ESTATES AND TRUSTS › Section 06B .3703-.3706

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-152;
													 105-161(b);
													 105-161(c)(3);
													 105-161(d)(5);
													 105-161(d)(7);
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. February 1, 1989;
Repealed Eff. June 1, 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3700 - ESTATES AND TRUSTS › Section 06B .3707 - REPEALED - EXEMPT TRUSTS

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-161(f);
													 105-262;
Eff. February 1, 1976;
Repealed Eff. June 1, 1982.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3700 - ESTATES AND TRUSTS › Section 06B .3708-.3713

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-142.1(e);
													 105-144(a);
													 105-161(c)(1);
													 105-161(d);
													 105-161(d)(4);
													 105-161(d)(5);
													 105-161(d)(6);
													 105-161(d)(7);
													 105-162(e);
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. February 1, 1988; August 1, 1986; June 1, 1982;
Repealed Eff. June 1,
													 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3700 - ESTATES AND TRUSTS › Section 06B .3714 - TAX CREDITS

Current through Register Vol. 39, No. 2, July 15, 2024
(a) A fiduciary required to pay an income tax to
											  North Carolina on behalf of a trust or an estate may claim a credit for tax imposed and paid to another state
											  or country on income from sources within the other state or country under the provisions of
											  G.S.
											  105-160.4(a).
(b) A resident beneficiary of an estate or trust, the fiduciary of which
											  pays an income tax to another state or country on distributable income reportable to North Carolina that is
											  derived from sources in the other state or country may claim a credit against the beneficiary's North
											  Carolina tax for the beneficiary's share of tax paid the other state or country under the provisions of
											  G.S.
											  105-160.4(e).
(c) A schedule is provided on the fiduciary return for use in computing the
											  tax credit allowable to the estate or trust. Before this schedule may be completed, however, there must be an
											  allocation between the estate or trust and its beneficiaries of the tax paid and the gross income on which
											  tax was paid to the other state or country.
(d) The fiduciary's
											  share and each beneficiary's share of the gross income on which tax has been paid to another state or country
											  is determined by the governing instrument and should be entered in the appropriate schedule on the fiduciary
											  return. The fiduciary's share of the total gross income to be used in the tax credit computation schedule is
											  the total gross income from Federal Form 1041.
(e) If additional
											  tax credits are claimed, a separate schedule must be attached to the fiduciary return showing how the credits
											  were determined and how they are allocated between the beneficiaries and the fiduciary.
Authority
													 G.S.
													 105-131.8;
													 105-153.9;
													 105-160.3;
													 105-160.4;
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. August 1, 1998; June 1, 1993; June 1, 1990; June 1, 1982;
Pursuant to
													 G.S.
													 150B-21.3A, rule is necessary without substantive public interest Eff. July
													 26, 2015.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3700 - ESTATES AND TRUSTS › Section 06B .3715 - REPEALED - INCOME TAXABLE TO BENEFICIARIES

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-162(a);
													 105-162(b);
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. May 1, 1984; June 1, 1982;
Repealed Eff. June 1, 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3700 - ESTATES AND TRUSTS › Section 06B .3716 - INCOME TAX RETURN FOR ESTATES AND TRUSTS

Current through Register Vol. 39, No. 2, July 15, 2024
(a) The federal taxable income of the estate or
											  trust shall be the starting point for preparing a North Carolina Income Tax Return for Estates and Trusts,
											  Form D-407. The fiduciary shall determine the estate's or trust's federal taxable income before completing
											  Form D-407.
(b) The fiduciary shall file an income tax return for
											  the estate or trust for which he or she acts if he or she is required to file a U.S. Income Tax Return for
											  Estates and Trusts and:
(1) the estate or trust derives income from North
											  Carolina sources; or
(2) the estate or trust derives any income
											  that is for the benefit of a resident of North Carolina.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3700 - ESTATES AND TRUSTS › Section 06B .3717 - REPEALED - TRUST INSTRUMENTS AND WILLS

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-161(e)(1);
													 105-262;
Eff. February 1, 1976;
Repealed Eff. June 1, 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3700 - ESTATES AND TRUSTS › Section 06B .3718 - REPEALED - PAYMENT OF TAX

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-160.2;
													 105-160.7;
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. October 1, 1991; June 1, 1990;
Repealed Eff. May 1, 2016.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3700 - ESTATES AND TRUSTS › Section 06B .3719 - REPEALED - FAILURE TO FILE PENALTIES

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-236;
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. June 1, 1993;
Repealed Eff. January 1, 1999.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3700 - ESTATES AND TRUSTS › Section 06B .3720 - REPEALED - LIABILITY OF THE FIDUCIARY

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-207;
													 105-236(10);
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. January 21, 1979;
Repealed Eff. June 1, 1993.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3700 - ESTATES AND TRUSTS › Section 06B .3721-.3722

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
													 G.S.
													 105-142(c);
													 105-152(3);
													 105-154(b);
													 105-161(f)(1)a;
													 105-163;
													 105-262;
Eff. February 1, 1976;
Amended
													 Eff. February 1, 1988; April 12, 1981;
Repealed Eff. June 1,
													 1990.
North Carolina Administrative Code › Title 17 - REVENUE › Chapter 06 - INDIVIDUAL INCOME TAX › Subchapter B › Section .3700 - ESTATES AND TRUSTS › Section 06B .3723 - ALLOCATION OF ADJUSTMENTS

Current through Register Vol. 39, No. 2, July 15, 2024
(a) The additions and deductions to federal
											  taxable income of an estate or trust shall be apportioned between the estate or trust and the beneficiaries
											  based on the distributions of income made during the taxable year. If the trust instrument or will that
											  created the estate or trust does not provide for the distribution of certain classes of income to different
											  beneficiaries, the apportionment of additions and deductions to the beneficiaries shall be determined on the
											  basis that each beneficiary's share of the estate's or trust's "total income," the sum of lines 1 through 8
											  on the beneficiary's Schedule K-1, Federal Form 1041, relates to "adjusted total income" from line 17 of
											  Federal Form 1041. If the trust instrument or will specifically provides for the distribution of certain
											  classes of income to different beneficiaries, any addition or deduction directly attributable to a particular
											  class of income shall be apportioned to the beneficiaries to which that class of income is distributed. After
											  apportioning the additions and deductions to the beneficiaries, the balance is apportioned to the
											  fiduciary.
(b) In allocating the adjustments, for State purposes
											  the amount of "total income" on Federal Schedule K-1 shall be adjusted for distributions to the beneficiary
											  that are not reflected in "total income." The "adjusted total income" on Federal Form 1041 shall be adjusted:
(1) to exclude classes of income that are not part of the distribution to
											  the beneficiary;
(2) to include classes of income that are a part
											  of the distribution to the beneficiary, but shall not be included in adjusted total income; and
(3) by any deduction treated differently for State and federal tax purposes
											  that adjusts federal taxable income pursuant to
											  G.S.
											  105-153.5 and
											  G.S.
											  105-153.6.