STATUTE OF LIMITATIONS AMENDED
Effective May 11, 2016 as provided by S.L. 2016-5, the statute of limitations for assessing a responsible person for unpaid taxes of a business entity under N.C. Gen. Stat. § 105-242.2(e) is amended to provide that the period of limitations “expires the later of (i) one year after the expiration of the period of limitations for assessing the business entity or (ii) one year after a tax becomes collectible from the business entity under G.S. 105-241.22(3), (4), (5), or (6) [emphasis added].” This amendment to the period of limitations for assessing a responsible person applies to a tax that becomes collectible from the business entity under N.C. Gen. Stat. §§ 105-241.22(3), (4), (5), or (6) on or after May 11, 2016.
To read the complete notice, please visit: https://www.dornc.com/taxes/sales/impnotice052316_responsibleperson.pdf