North Dakota § 57-38-30.6 Corporate income tax credit for biodiesel or green diesel production or soybean and canola crushing facility equipment costs

North Dakota Statutes

§ 57-38-30.6 — Corporate income tax credit for biodiesel or green diesel production or soybean and canola crushing facility equipment costs

North Dakota § 57-38-30.6

Title 57Taxation

Ch. 57-38Income Tax

This text of North Dakota § 57-38-30.6 (Corporate income tax credit for biodiesel or green diesel production or soybean and canola crushing facility equipment costs) 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 § 57-38-30.6 (2026).

Text

soybean and canola crushing facility equipment costs.
A taxpayer is entitled to a credit against tax liability determined under section 57-38-30 in
the amount of ten percent per year for five years of the taxpayer's direct costs incurred after
December 31, 2002, to adapt or add equipment to retrofit an existing facility or construction of a
new facility in this state for the purpose of producing or blending diesel fuel containing at least
two percent biodiesel fuel or green diesel fuel by volume or of the taxpayer's direct costs
incurred after December 31, 2008, to adapt or add equipment to retrofit an existing facility or
construction of a new facility in this state for the purpose of producing crushed soybeans or
canola. For purposes of this section, "biodiesel" and "green diesel" mean f

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soybean and canola crushing facility equipment costs.
A taxpayer is entitled to a credit against tax liability determined under section 57-38-30 in
the amount of ten percent per year for five years of the taxpayer's direct costs incurred after
December 31, 2002, to adapt or add equipment to retrofit an existing facility or construction of a
new facility in this state for the purpose of producing or blending diesel fuel containing at least
two percent biodiesel fuel or green diesel fuel by volume or of the taxpayer's direct costs
incurred after December 31, 2008, to adapt or add equipment to retrofit an existing facility or
construction of a new facility in this state for the purpose of producing crushed soybeans or
canola. For purposes of this section, "biodiesel" and "green diesel" mean fuel as defined in
section 57-43.2-01. The credit under this section may not exceed the taxpayer's liability as
determined under this chapter for the taxable year and each year's credit amount may be
carried forward for up to five taxable years. A taxpayer is limited to two hundred fifty thousand
dollars in the cumulative amount of credits under this section for all taxable years. A taxpayer
may not claim a credit under this section for any taxable year before the taxable year in which
the facility begins production or blending of diesel fuel containing at least two percent biodiesel
fuel or green diesel fuel by volume or begins crushing soybeans or canola, but eligible costs
incurred before the taxable year production, blending, or crushing begins may be claimed for
purposes of the credit under this section for taxable years on or after the taxable year
production, blending, or crushing begins.