North Dakota § 40-57.1-01 Declaration and finding of public purpose

North Dakota Statutes

§ 40-57.1-01 — Declaration and finding of public purpose

North Dakota § 40-57.1-01

Title 40Municipal Government

Ch. 40-57.1Tax Exemptions for New and Expanding Businesses

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Bluebook

N.D. Cent. Code § 40-57.1-01 (2026).

Text

The legislative assembly declares and finds that it is and has been its purpose in preparing
and adopting the provisions of this chapter to sanction, authorize, and encourage activities in
the public interest and for the welfare of the state, its subdivisions, and people by assisting in
the establishment of additional industrial plants, the expansion and retention of existing
business, and promotion of economic activities within the state and thereby increasing
production of wealth and adding to the volume of employment, particularly during those seasons
when employment in farming and ranching is slack, thus alleviating unemployment among the
people of the state.
It is the intent of the legislative assembly that political subdivisions and the state board of
equalization in their determinat

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The legislative assembly declares and finds that it is and has been its purpose in preparing
and adopting the provisions of this chapter to sanction, authorize, and encourage activities in
the public interest and for the welfare of the state, its subdivisions, and people by assisting in
the establishment of additional industrial plants, the expansion and retention of existing
business, and promotion of economic activities within the state and thereby increasing
production of wealth and adding to the volume of employment, particularly during those seasons
when employment in farming and ranching is slack, thus alleviating unemployment among the
people of the state.
It is the intent of the legislative assembly that political subdivisions and the state board of
equalization in their determination of whether the tax exemptions authorized by this chapter
shall be granted shall give due weight to their impact and effect upon existing industry and
business to the end that an unfair advantage shall not be given to new or expanded enterprises
which is to the substantial detriment of existing enterprises.