NC S353

Establishes an "audience factor" method for determining how broadcasters' income is apportioned for North Carolina state income and franchise tax purposes.

Defines "broadcaster" to include television and radio stations, cable and satellite operators, broadcast networks, and similar entities providing audio or video programming for advertising revenue, subscriber fees, or licensing fees.

Requires advertising receipts and license fees for programming to be sourced to North Carolina based on the ratio of North Carolina audience (viewers, listeners, or subscribers) to total audience.

Allows subscriber fees and rents to be sourced based on fees paid by North Carolina customers, and permits reasonable approximation methods using population ratios when audience data is unavailable.

Effective for taxable years beginning on or after January 1, 2018.