North Carolina General Statutes Chapter 105. Taxation § 105-163.38. Definitions

(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.