Corporate Taxes
Corporate Income Tax
The corporate income tax rate for North Carolina is 6.9%.
Incorporation Fee
A fee of $125 is levied upon filing articles of incorporation. A fee of $250 is levied for the application of certificate of authority. Various other fees are assessed for documents filed with the Secretary of State.
Franchise Tax
Levied on NC corporations annually.
Rate: $1.50 per $1,000 of the largest of the following:
- Capital stock, surplus and undivided profits apportionable to the State
- 55% of appraised value of property subject to taxation
- Book value of real property in NC less debt to acquire
Sales Tax
Retail Sales & Use Tax Rate is 6.75% (4.25% - State, 2.5% - County)
Highway Use Tax on Automobiles 3% with a maximum tax of $1,500.
Raw materials, containers, labels, packaging and shipping materials and motor vehicles are exempt from the sales and use tax.
Special Provisions
Pollution abatement and recycling equipment, OSHA-mandated equipment, and equipment to reduce hazardous waste receives special treatment under the state's tax laws.