North Dakota Statutes
§ 57-60-06 — Property classified and exempted from ad valorem taxes - In lieu of certain other taxes - Credit for certain other taxes
other taxes - Credit for certain other taxes.
Each coal conversion facility and any carbon dioxide capture system located at the coal
conversion facility, and any equipment directly used for secure geologic storage of carbon
dioxide or enhanced recovery of oil or natural gas must be classified as personal property and is
exempt from all ad valorem taxes except for taxes on the land on which the facility, capture
system, or equipment is located. The exemption provided by this section may not be interpreted
to apply to tangible personal property incorporated as a component part of a carbon dioxide
pipeline but this restriction does not affect eligibility of such a pipeline for the exemption under
section 57-06-17.1. The taxes imposed by this chapter are in lieu of ad valorem taxes on the
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North Dakota § 57-60-06 (Property classified and exempted from ad valorem taxes - In lieu of certain other taxes - Credit for certain other taxes) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 57-01-01
Bond of tax commissioner§ 57-01-02.1
Tax collection agreements with home rule cities or counties - Limitations on city or county authority§ 57-01-03
Office of commissioner§ 57-01-04
Salary§ 57-01-05
State supervisor of assessments§ 57-01-06.1
Statement of legislative intent concerning use of sales, market, and productivity studies§ 57-01-10
Tax manuals - Distribution§ 57-01-11
Assessment of or determination of additional tax liability by tax commissioner - Hearing - Appeal§ 57-01-12
Approval of refunds by tax commissioner