§ 57-38-01.24 — Internship employment tax credit

North Dakota § 57-38-01.24

• Jurisdiction: North Dakota
• Title 57: Taxation
• Ch. 57-38: Income Tax

Text

1. A taxpayer that is an employer within this state is entitled to a credit as determined
under this section against state income tax liability under section 57-38-30 or
57-38-30.3 for qualified compensation paid to an intern employed in this state by the
taxpayer. To qualify for the credit under this section, the internship program must meet
the following qualifications:
a. The intern must be an enrolled student in an institution of higher education or
vocational technical education program who is seeking a degree or a certification
of completion in a major field of study closely related to the work experience
performed for the taxpayer;
b. The internship must be taken for academic credit or count toward the completion
of a vocational technical education program;
c. The intern must be supervised and evaluated by the taxpayer; and
d. The internship position must be located in this state.
2. The amount of the credit to which a taxpayer is entitled is ten percent of the stipend or
salary paid to a college intern employed by the taxpayer. A taxpayer may not receive
more than three thousand dollars in total credits under this section for all taxable years
combined.
a. The tax credit under this section applies to a stipend or salary for not more than
five interns employed at the same time.
b. A passthrough entity that is entitled to the credit under this section must be
considered to be the taxpayer for purposes of calculating the credit. The amount
of the allowable credit must be determined at the passthrough entity level. The
total 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.