Business and Tax Effects

Business and Tax Effects. (a) Business effects. (1) No business license shall be required solely by reason of the treatment of customer-generated electricity under this chapter except as provided in paragraph (2) of this subsection. (2) Independent power producers with an electric contract shall be required to hold a valid business license. The business license fee for independent power producers shall be $1,000 per calendar year. (b) Tax effects. Source: PL 15-23, § 2(8643); amended by PL 15-87 § 2(8643), modified. Commission Comment: The Commission substituted “this chapter” for “this Act” pursuant to 1 CMC § 3806(d).