North Dakota § 57-38.6-01 Definitions

North Dakota Statutes

§ 57-38.6-01 — Definitions

North Dakota § 57-38.6-01

Title 57Taxation

Ch. 57-38.6Agricultural Business Investment Tax Credit

This text of North Dakota § 57-38.6-01 (Definitions) 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 § 57-38.6-01 (2026).

Text

As used in this chapter, unless the context otherwise requires:

1."Agricultural commodity processing facility" means:

a.A facility that through processing involving the employment of knowledge and labor adds value to an agricultural commodity capable of being raised in this state; or

b.A livestock feeding, handling, milking, or holding operation that uses as part of its operation a byproduct produced at a biofuels production facility.

2."Biofuels production facility" means a corporation, limited liability company, partnership, individual, or association in this state:

a.Involved in production of diesel fuel containing at least five percent biodiesel or green diesel as defined in section 57-43.2-01;

b.Involved in the production of corn-based ethanol or cellulose-based ethanol; or

c.I

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As used in this chapter, unless the context otherwise requires:
1. "Agricultural commodity processing facility" means:
a. A facility that through processing involving the employment of knowledge and
labor adds value to an agricultural commodity capable of being raised in this
state; or
b. A livestock feeding, handling, milking, or holding operation that uses as part of its
operation a byproduct produced at a biofuels production facility.
2. "Biofuels production facility" means a corporation, limited liability company,
partnership, individual, or association in this state:
a. Involved in production of diesel fuel containing at least five percent biodiesel or
green diesel as defined in section 57-43.2-01;
b. Involved in the production of corn-based ethanol or cellulose-based ethanol; or
c. Involved in a soybean or canola crushing facility.
3. "Director" means the director of the department of commerce division of economic
development and finance.
4. "Passthrough entity" has the same meaning as in section 57-38-01.
5. "Qualified business" means a cooperative, corporation, partnership, or limited liability
company that:
a. Is incorporated or organized in this state after December 31, 2000, for the primary
purpose of being an agricultural commodity processing facility;
b. Has been certified by the insurance commissioner to be in compliance under the
securities laws of this state; and
c. Has an agricultural commodity processing facility, or intends to locate one, in this
state.
6. "Qualified investment" means an investment in cash or an investment of a fee simple
interest in real property located in this state. For purposes of this chapter, the definition
of real property does not include any personal property that may become a fixture to
the real property, as defined by chapter 41-09, which is added to the real property
following investment of the real property in the qualified business.
7. "Taxpayer" means an individual, estate, trust, corporation, or passthrough entity.