§ 105-163.2B. North Carolina State Lottery Commission must withhold taxes.
§ 105‑163.2B. NorthCarolina State Lottery Commission must withhold taxes.
The North Carolina StateLottery Commission, established by Chapter 18C of the General Statutes, mustdeduct and withhold State income taxes from the payment of winnings in an amountof six hundred dollars ($600.00) or more. The amount of taxes to be withheld isseven percent (7%) of the winnings. The Commission must file a return, pay thewithheld taxes, and report the amount withheld in the time and manner requiredunder G.S. 105‑163.6 as if the winnings were wages. The taxes theCommission withholds are held in trust for the Secretary. (2005‑276, s. 31.1(bb);2005‑344, s. 10.2(a); 2006‑259, s. 8(f); 2006‑264, s. 91(b).)