North Dakota § 57-40.3-02.1 Tax imposed on motor vehicle lease

North Dakota Statutes

§ 57-40.3-02.1 — Tax imposed on motor vehicle lease

North Dakota § 57-40.3-02.1

Title 57Taxation

Ch. 57-40.3Motor Vehicle Excise Tax

This text of North Dakota § 57-40.3-02.1 (Tax imposed on motor vehicle lease) 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 § 57-40.3-02.1 (2026).

Text

1.With respect to any lease for a term of one year or more of a motor vehicle with an actual vehicle weight of ten thousand pounds [4535.92 kilograms] or less, all receipts due or consideration given or contracted to be given at the initiation of the lease and for the entire period of the lease, option to renew, or similar provision, or combination thereof, are deemed to have been paid or given and are subject to tax. Any tax due must be collected as provided in section 57-40.3-12 as of the date of first payment under the lease, option to renew, or similar provision, or combination thereof, or as of the date of registration under chapter 39-05. Lease consideration, when all or part of the lease is a gift or other agreement for nominal value, also includes the average value of similar moto

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1. With respect to any lease for a term of one year or more of a motor vehicle with an
actual vehicle weight of ten thousand pounds [4535.92 kilograms] or less, all receipts
due or consideration given or contracted to be given at the initiation of the lease and
for the entire period of the lease, option to renew, or similar provision, or combination
thereof, are deemed to have been paid or given and are subject to tax. Any tax due
must be collected as provided in section 57-40.3-12 as of the date of first payment
under the lease, option to renew, or similar provision, or combination thereof, or as of
the date of registration under chapter 39-05. Lease consideration, when all or part of
the lease is a gift or other agreement for nominal value, also includes the average
value of similar motor vehicle leases established by standards and guides as
determined by the director of the department of transportation.
2. With respect to any lease for a term of one year or more of a motor vehicle with an
actual vehicle weight of ten thousand pounds [4535.92 kilograms] or less, originally

leased outside this state and subsequently entering this state for use, any remaining
receipts due or consideration to be given after the lessee brings the motor vehicle into
this state are subject to tax as if the lessee had entered or exercised the lease, option
to renew, or similar provision, or combination thereof, for the first time in this state,
notwithstanding section 57-40.3-09.