Contains whereas clauses. 
Amends GS 105-130.3 (taxes on corporations), to impose an income tax on C corporations doing business in the State at the rate of 5%. Removes provisions reducing the tax rate for C corporations so that it would have zeroed out after 2029. Effective for taxable years beginning on or after January 1, 2026.

Statutes affected:
Filed: 105-130.3
Edition 1: 105-130.3