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108 chapters · 1,108 sections in this title.
N.D.C.C. § 57-38.5-01 Definitions
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As used in this chapter, unless the context otherwise requires: 1. "Director" means the director of the department of commerce division of economic development and finance. 2. "Passthrough entity" has the same meaning as in section 57-38-01. 3. "Primary sector business" has the m…
N.D.C.C. § 57-38.5-02 Certification - Investment reporting by qualified businesses - Maximum investments in qualified businesses
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1. The director shall certify whether a business that has requested to become a qualified business meets the requirements of section 57-38.5-01. The director shall establish the necessary forms and procedures for certifying qualified businesses. 2. A qualified business may apply …
N.D.C.C. § 57-38.5-03 Seed capital investment tax credit
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If a taxpayer makes a qualified investment in a qualified business, the taxpayer is entitled to a credit against state income tax liability under section 57-38-30 or 57-38-30.3. 1. The amount of the credit to which a taxpayer is entitled is forty-five percent of the amount invest…
N.D.C.C. § 57-38.5-04 Taxable year for seed capital investment tax credit
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The tax credit under section 57-38.5-03 must be credited against the taxpayer's income tax liability for the taxable year in which the investment in the qualified business was received by the qualified business.
