North Carolina General Statutes 105-163.2B. North Carolina State Lottery Commission must withhold taxes
Terms Used In North Carolina General Statutes 105-163.2B
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
The North Carolina State Lottery Commission, established by Chapter 18C of the N.C. Gen. Stat., must deduct and withhold State income taxes from the payment of winnings in an amount of six hundred dollars ($600.00) or more. The amount of taxes to be withheld is a percentage of the winnings. The percentage is the individual income tax rate in N.C. Gen. Stat. § 105-153.7 The Commission must file a return, pay the withheld taxes, and report the amount withheld in the time and manner required under N.C. Gen. Stat. § 105-163.6 and N.C. Gen. Stat. § 105-163.7 as if the winnings were wages. The taxes the Commission withholds are held in trust for the Secretary. (2005-276, s. 31.1(bb); 2005-344, s. 10.2(a); 2006-259, s. 8(f); 2006-264, s. 91(b); 2013-316, s. 1.3(g); 2015-259, s. 7.1(d).)