North Dakota § 57-38-01.4 Recognition of subchapter S election

North Dakota Statutes

§ 57-38-01.4 — Recognition of subchapter S election

North Dakota § 57-38-01.4

Title 57Taxation

Ch. 57-38Income Tax

This text of North Dakota § 57-38-01.4 (Recognition of subchapter S election) 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 § 57-38-01.4 (2026).

Text

1.For the purposes of this chapter, any person as defined in section 57-38-01 and required to file a North Dakota income tax return who makes an election under subchapter S of the Internal Revenue Code of 1954, as amended, for federal income tax purposes shall have such status recognized and such person's taxable income must be computed as provided in subchapter S of the Internal Revenue Code of 1954, as amended, with the adjustments allowed by this chapter or other provisions of law. Income of a subchapter S corporation subject to tax for federal income tax purposes is also subject to state income tax at the corporate income tax rates imposed by section

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1. For the purposes of this chapter, any person as defined in section 57-38-01 and
required to file a North Dakota income tax return who makes an election under
subchapter S of the Internal Revenue Code of 1954, as amended, for federal income
tax purposes shall have such status recognized and such person's taxable income
must be computed as provided in subchapter S of the Internal Revenue Code of 1954,
as amended, with the adjustments allowed by this chapter or other provisions of law.
Income of a subchapter S corporation subject to tax for federal income tax purposes is
also subject to state income tax at the corporate income tax rates imposed by section