TITLE 4: ECONOMIC RESOURCES DIVISION 1: REVENUE AND TAXATION
§1996
§ 1996. Applicability; Transitional Rule. (a) The tax imposed under Section 1992(a) applies beginning on the first day of the following calendar month in which this Act becomes law. The tax does not apply to gross revenues received or accrued in prior months; however, for purposes of the $350,000 annual threshold in 4 CMC § 1992(a), a General Contractor’s cumulative gross revenues from Construction for the taxable year shall be taken into account Source: PL 24-30, § 8 (Mar. 27, 2026).