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The North Carolina Department of Revenue was created in 1921 by the North Carolina General Assembly. The department is headed by a Secretary that is appointed by the Governor. The secretary is a member of the North Carolina Cabinet. Currently, the department is responsible for administering the collection of the North Carolina state income tax ...
North Carolina State Statute names Business Improvement Districts, or other taxing districts Municipal Services Districts (MSD). [17] Municipal Services Districts or BIDs in North Carolina can only be funded by an ad valorem tax, meaning the city can levy an additional tax on all property within the designated district. [18]
Mississippi's income tax was held to apply to corporations in 1921; North Carolina, modernisation of existing individual and institution of corporate taxes, from 1921; South Carolina, individual and corporate, from 1921 or 1922; New Hampshire, "intangibles" (restricted to interest and dividends), from 1923;
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Taxes on unrelated activities: Income from activities unrelated to the organization’s mission must be reported on a business income tax return. If the unrelated income totals $1,000 or more, you ...
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