Title 40 — Municipal Government
85 chapters · 759 sections in this title.
N.D.C.C. § 40-63-01 Definitions
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As used in this chapter: 1. "Boundary" means the boundary established by vote of the city governing body and approved by the department of commerce division of community services. 2. "Development plan" means a written plan that addresses the criteria in subsection 1 of section 40…
N.D.C.C. § 40-63-02 Eligibility - Local zone authority designation
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Any incorporated city may apply to the department of commerce division of community services to designate a portion of the city as a renaissance zone. Any individual, partnership, limited partnership, limited liability company, trust, or corporation may apply for a tax credit or …
N.D.C.C. § 40-63-03 Renaissance zones
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1. A city may apply to the department of commerce division of community services to designate a portion of that city as a renaissance zone if the following criteria are met: a. The geographic area proposed for the renaissance zone is located wholly within the boundaries of the ci…
N.D.C.C. § 40-63-04 Income tax exemptions
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1. An individual taxpayer who purchases or rehabilitates single-family residential property for the individual's primary place of residence as a zone project is exempt from up to ten thousand dollars of personal income tax liability as determined under section 57-38-30.3 for up t…
N.D.C.C. § 40-63-05 Property tax exemptions
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1. A municipality may grant a partial or complete exemption from ad valorem taxation on single-family residential property, exclusive of the land on which it is situated, if the property was purchased or rehabilitated by an individual for the individual's primary place of residen…
N.D.C.C. § 40-63-06 Historic preservation and renovation tax credit
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A credit against state tax liability as determined under sections 57-38-30 and 57-38-30.3 is allowed for investments in the historic preservation or renovation of property within the renaissance zone. The amount of the credit is twenty-five percent of the amount invested, up to a…
N.D.C.C. § 40-63-07 Renaissance fund organization - Exemption from taxation
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1. Each city with a designated renaissance zone may establish a renaissance fund organization, if the detailed plan for such an organization is clearly established in the development plan and approved with the plan, or is submitted at a later date to the department of commerce di…
N.D.C.C. § 40-63-08 Contributions - Use
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Repealed by S.L. 2001, ch. 359, § 11.
N.D.C.C. § 40-63-09 Rules and administration - Income tax secrecy exception
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The tax commissioner shall administer this chapter with respect to an income tax exemption or credit and has the same powers as provided under section 57-38-56 for purposes of this chapter. The secrecy provisions of section 57-38-57 do not apply to exemptions or credits received …
N.D.C.C. § 40-63-10 Passthrough of tax exemption or credit
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A partnership, subchapter S corporation, limited partnership, limited liability company, or any other passthrough entity that purchases or leases property in a renaissance zone for any business purpose, invests in a historic preservation or renovation of property within a renaiss…
N.D.C.C. § 40-63-11 Tax benefits not available to delinquent taxpayer
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A taxpayer may not be delinquent in payment of any state and local tax liability to be eligible for a tax benefit under this chapter.