17 N.C. Admin Code 05B .1109 - Equity Capital Not Deductible

Rule 05b .1109 - Equity Capital Not DeductibleRule 05b .1109 - Equity Capital Not Deductible

Rule 05b .1108 - Exclusion Provision Limited to Indebtedness Owed Rule 05b .1110 - Reciprocal Indebtedness Between Affiliates

The equity capital of a wholly owned subsidiary does not represent "indebtedness" owed to a parent corporation which the parent is entitled to deduct from its franchise tax base.

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