North Dakota § 57-60-06 Property classified and exempted from ad valorem taxes - In lieu of certain other taxes - Credit for certain other taxes

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

North Dakota § 57-60-06

Title 57Taxation

Ch. 57-60Coal Conversion Facilities Privilege Tax

This text of North Dakota § 57-60-06 (Property classified and exempted from ad valorem taxes - In lieu of certain other taxes - Credit for certain other taxes) 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 § 57-60-06 (2026).

Text

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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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
property so classified as personal property.