North Dakota § 40-57.1-04.1 Ad valorem tax exemption for existing structures - Requirements

North Dakota Statutes

§ 40-57.1-04.1 — Ad valorem tax exemption for existing structures - Requirements

North Dakota § 40-57.1-04.1

Title 40Municipal Government

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

This text of North Dakota § 40-57.1-04.1 (Ad valorem tax exemption for existing structures - Requirements) 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 § 40-57.1-04.1 (2026).

Text

Notwithstanding any other provision of this chapter, a project operator who otherwise
qualifies under this chapter may, upon application consistent with the provisions of this chapter,
receive a partial or complete exemption from ad valorem taxation on any existing structure used
in or necessary to the operation of the project for a period not exceeding five years from the
date of commencement of project operations in the structure. For taxable years beginning after
December 31, 1988, the governing body of a municipality may grant additional exemptions of
property under this section during a period not exceeding ten years from the date of
commencement of project operations in the structure if the structure is owned by the United
States, the state, or a political subdivision of the state an

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Notwithstanding any other provision of this chapter, a project operator who otherwise
qualifies under this chapter may, upon application consistent with the provisions of this chapter,
receive a partial or complete exemption from ad valorem taxation on any existing structure used
in or necessary to the operation of the project for a period not exceeding five years from the
date of commencement of project operations in the structure. For taxable years beginning after
December 31, 1988, the governing body of a municipality may grant additional exemptions of
property under this section during a period not exceeding ten years from the date of
commencement of project operations in the structure if the structure is owned by the United
States, the state, or a political subdivision of the state and leased to the project operator. The
project operator shall apply to the governing body of the municipality annually for the exemption
and the governing body of the municipality may grant the exemption for only one year at a time.