Contains whereas clauses.
Amends GS 105-130.3 (taxes on corporations), to impose an income tax on C corporations doing business in the State at the rate of 5%. Removes provisions reducing the tax rate for C corporations so that it would have zeroed out after 2029. Effective for taxable years beginning on or after January 1, 2026.
Bill Summaries: S 943 KIDS OVER CORPORATIONS ACT.
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Bill S 943 (2025-2026)Summary date: Apr 29 2026 - View Summary