20 NCAC 04 .0302             WHO MAY REQUEST A HEARING

(a)  Any corporation which believes that the method of allocation or apportionment as administered by the Secretary of Revenue has operated or will so operate as to subject it to taxation on a greater portion of its income than is reasonably attributable to business or earnings may request a hearing.

(b)  Any corporation which believes that the method of allocation or apportionment as administered by the Secretary of Revenue has operated or will so operate as to subject it to taxation on a greater portion of its capital stock, surplus and undivided profits than is reasonably attributed to business within the state may also request a hearing.

History Note:        Authority G.S. 105‑122(c)(2);

105‑130.4(s); 150B‑23;

Eff. February 1, 1976;

Readopted Eff. September 30, 1977.