North Dakota § 40-63-10 Passthrough of tax exemption or credit

North Dakota Statutes

§ 40-63-10 — Passthrough of tax exemption or credit

North Dakota § 40-63-10

Title 40Municipal Government

Ch. 40-63Renaissance Zones

This text of North Dakota § 40-63-10 (Passthrough of tax exemption or credit) 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 § 40-63-10 (2026).

Text

A partnership, subchapter S corporation, limited partnership, limited liability company, or any
other passthrough entity that purchases or leases property in a renaissance zone for any
business purpose, invests in a historic preservation or renovation of property within a
renaissance zone, or invests in a renaissance fund organization must be considered to be the
taxpayer for purposes of any investment limitations in sections 40-63-04, 40-63-06, and
40-63-07, and the amount of the exemption or credit allowed with respect to the entity's
investments must be determined at the passthrough entity level. The amount of the total
exemption or credit determined at the entity level must be passed through to the partners,
shareholders, or members in proportion to their respective interests in the pa

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A partnership, subchapter S corporation, limited partnership, limited liability company, or any
other passthrough entity that purchases or leases property in a renaissance zone for any
business purpose, invests in a historic preservation or renovation of property within a
renaissance zone, or invests in a renaissance fund organization must be considered to be the
taxpayer for purposes of any investment limitations in sections 40-63-04, 40-63-06, and
40-63-07, and the amount of the exemption or credit allowed with respect to the entity's
investments must be determined at the passthrough entity level. The amount of the total
exemption or credit determined at the entity level must be passed through to the partners,
shareholders, or members in proportion to their respective interests in the passthrough entity.