17 NCAC 06B .3521 ESTIMATED INCOME TAX
No estimated income tax is required of a partnership. A resident individual partner who meets the statutory requirements of G.S. 105‑163.15 must pay estimated income tax on Form NC‑40. Nonresident individual partners are not required to pay estimated tax on their distributive share of partnership income.
History Note: Authority G.S. 105‑163.15; 105‑262;
Eff. February 1, 1976;
Amended Eff. November 1, 1994; June 1, 1990;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. July 26, 2015.