North Carolina § 143B-218 - Department of Revenue - duties.

§ 143B-218. Department of Revenue - duties.

It shall be the duty of the Department to collect and account for the State's tax funds, to insure uniformity of administration of the tax laws and regulations, to conduct research on revenue matters, and to exercise general and specific supervision over the valuation and taxation of property throughout the State. History (1973, c. 476, s. 185; 1981, c. 859, s. 81; c. 1127, s. 53.) Editor's Note. - Session Laws 2017-204, s. 1.14, provides: "The Department of Revenue shall study the feasibility and cost of allowing the pass-through of a federal extension of time for filing a federal income tax return to serve as an application for a State extension of time for filing a corporate franchise and other income tax returns. The Department is directed to work with the Internal Revenue Service and consult with or identify other states that use the federal extension to serve as the application for a state extension. On or before January 1, 2018, the Department shall report its findings, along with any legislative recommendations, to the Revenue Laws Study Committee regarding options to eliminate the mandatory State extension of time filing for corporate franchise and other income tax returns beginning January 1, 2019, for the tax year 2018." § 143B-218.1: Recodified as G.S. 105-256(a)(6) by Session Laws 2001-414, s. 25, effective September 14, 2001.