NC H821

Amends G.S. 105-237 to require the North Carolina Secretary of Revenue to allow installment payment agreements for non-individual taxpayers after a tax assessment becomes final, if the agreement will facilitate tax collection.

Establishes mandatory minimum repayment periods for business taxpayers based on amount owed: 18 months for $7,000–$14,999.99, 25 months for $15,000–$29,999.99, 40 months for $30,000–$49,999.99, and 60 months for $50,000 or more.

Allows installment agreements to waive penalties but prohibits waiving liability for tax or interest owed.

Permits the Secretary to modify or terminate agreements if taxpayer information was inaccurate, collection is jeopardized, financial condition changed, installments are missed, or requested information is not provided.

Requires the Secretary to give taxpayers 30 days' written notice before terminating or modifying an agreement due to changed financial condition, unless the taxpayer concealed assets or income when the agreement was made or acquired assets after the agreement.