North Dakota § 40-57.1-04 Exemption from income tax - Notice to competitors - Limitations

North Dakota Statutes

§ 40-57.1-04 — Exemption from income tax - Notice to competitors - Limitations

North Dakota § 40-57.1-04

Title 40Municipal Government

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

This text of North Dakota § 40-57.1-04 (Exemption from income tax - Notice to competitors - Limitations) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 40-57.1-04 (2026).

Text

Upon application by a project operator to the state board of equalization, the net income of
a project may be exempt from state income tax for a period not exceeding five years from
commencement of project operations. The application for the exemption must be reviewed as to
the eligibility of the project by the department of commerce division of economic development
and finance and its recommendations forwarded to the state board of equalization. The project
operator shall provide notice to competitors in the manner prescribed by the state board of
equalization. The board shall determine whether the granting of the exemption is in the best
interest of the people of North Dakota and, if it so determines, approve the exemption. The
board shall, after making its determination, certify the fin

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Upon application by a project operator to the state board of equalization, the net income of
a project may be exempt from state income tax for a period not exceeding five years from
commencement of project operations. The application for the exemption must be reviewed as to
the eligibility of the project by the department of commerce division of economic development
and finance and its recommendations forwarded to the state board of equalization. The project
operator shall provide notice to competitors in the manner prescribed by the state board of
equalization. The board shall determine whether the granting of the exemption is in the best
interest of the people of North Dakota and, if it so determines, approve the exemption. The
board shall, after making its determination, certify the findings back to the applicant and to the
tax commissioner. Nothing contained herein shall have the effect of exempting the project from
filing an annual income tax return.