North Dakota § 40-63-06 Historic preservation and renovation tax credit

North Dakota Statutes

§ 40-63-06 — Historic preservation and renovation tax credit

North Dakota·Title 40 Municipal Government·Ch. 40-63 Renaissance Zones

A credit against state tax liability as determined under sections 57-38-30 and 57-38-30.3 is
allowed for investments in the historic preservation or renovation of property within the
renaissance zone. The amount of the credit is twenty-five percent of the amount invested, up to
a maximum of two hundred fifty thousand dollars. The credit may be claimed in the year in
which the preservation or renovation is completed. Any excess credit may be carried forward for
a period of up to five taxable years.

Free access — add to your briefcase to read the full text and ask questions with AI

A credit against state tax liability as determined under sections 57-38-30 and 57-38-30.3 is
allowed for investments in the historic preservation or renovation of property within the
renaissance zone. The amount of the credit is twenty-five percent of the amount invested, up to
a maximum of two hundred fifty thousand dollars. The credit may be claimed in the year in
which the preservation or renovation is completed. Any excess credit may be carried forward for
a period of up to five taxable years.

North Dakota § 40-63-06 (Historic preservation and renovation tax credit) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.