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85 chapters · 1,001 sections in this title.
N.D.C.C. § 40-57.1-01 Declaration and finding of public purpose
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The legislative assembly declares and finds that it is and has been its purpose in preparing and adopting the provisions of this chapter to sanction, authorize, and encourage activities in the public interest and for the welfare of the state, its subdivisions, and people by assis…
N.D.C.C. § 40-57.1-02 Definitions
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As used in this chapter, unless a different meaning clearly appears from the context: 1. "Local development organization", as used in section 40-57.1-04.3, means a profit or nonprofit corporation incorporated under the laws of this state or a limited liability company organized u…
N.D.C.C. § 40-57.1-03 Municipality's authority to grant or revoke tax exemption or payments in lieu of taxes - Notice to competitors - Limitations
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1. After negotiation with a potential project operator, a municipality may grant a partial or complete exemption from ad valorem taxation on all buildings, structures, fixtures, and improvements used in or necessary to the operation of a project for a period not exceeding five ye…
N.D.C.C. § 40-57.1-04 Exemption from income tax - Notice to competitors - Limitations
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Upon application by a project operator to the state board of equalization, the net income of a project may be exempt from state income tax for a period not exceeding five years from commencement of project operations. The application for the exemption must be reviewed as to the e…
