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NC Asphalt Co.'s Transfers To Parent Not Taxable, Office Rules

By Jaqueline McCool ( November 25, 2024, 5:03 PM EST) -- A North Carolina asphalt company's transfers of property to its parent company aren't taxable sales because the state Department of Revenue failed to prove there was any form of payment for the products, the state administrative hearing office ruled, canceling a $2.6 million bill....

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