Nonrefundable Credit. A person may take the tax imposed on wages and salaries or earnings under this chapter as a nonrefundable credit against the tax imposed on Commonwealth source income under Subtitle A of the NMTIT pursuant to chapter 7 of this division [4 CMC § 1701 et seq.]. No such credit shall be allowed for any amount deducted in determining taxable income under the NMTIT as shown on the taxpayer’s return. Source: PL 9-59, § 2 (repealing PL 9-22, § 1 (§ 1205)); redesignated by PL 10-73, § 2(a) (redesignated § 1205 as § 1206).
Nonrefundable Credit
4 CMC § 1206, under Wage and Salary and Earnings Taxes.
4 CMC § 1206