105-163.38. Definitions.
The following definitions apply in this Article, unless the context requires otherwise:
(1) Code. - Defined in G.S. 105-228.90.
(1a) Corporation. - Defined in section 7701 of the Code.
(2) Estimated tax. - The amount of income tax the corporation estimates as the amount imposed by Article 4 for the taxable year.
(3) Fiscal year. - An accounting period of 12 months ending on the last day of any month other than December.
(4) Secretary. - The Secretary of Revenue.
(5) Taxable year. - The calendar year or fiscal year used as a basis to determine net income under Article 4. If no fiscal year has been established, "fiscal year" means the calendar year. In the case of a return made for a fractional part of the year under Article 4, or under rules prescribed by the Secretary, "taxable year" means the period for which the return is made.
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