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U.S. Supreme Court Rules North Carolina Intangibles Tax Unconstitutional
Record #:
2804
Author(s):
Christensen, Margot F.
Abstract:
Although the state's intangibles tax was repealed in 1995, a recent ruling of its unconstitutionality by the U.S. Supreme Court could prove costly to the state, with refunds reaching $120 million.
Source:
Southern City
(NoCar Oversize JS 39 S6),
Vol. 46 Issue 3, Mar 1996
,
p
1,3, il
Subject(s):
Intangible property--Taxation