§ 105-163.38. Definitions.
Article4C.
Filing of Declarations ofEstimated Income Tax and Installment Payments of Estimated Income Tax byCorporations.
§ 105‑163.38. Definitions.
The following definitionsapply in this Article, unless the context requires otherwise:
(1) Code. Defined inG.S. 105‑228.90.
(1a) Corporation. Defined in section 7701 of the Code.
(2) Estimated tax. Theamount of income tax the corporation estimates as the amount imposed by Article4 for the taxable year.
(3) Fiscal year. Anaccounting period of 12 months ending on the last day of any month other thanDecember.
(4) Secretary. TheSecretary of Revenue.
(5) Taxable year. Thecalendar year or fiscal year used as a basis to determine net income underArticle 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 ofthe year under Article 4, or under rules prescribed by the Secretary,"taxable year" means the period for which the return is made. (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.)