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115 chapters · 1,834 sections in this title.
4 CMC § 1309 Tax Relief
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Tax Relief. The tax imposed under 4 CMC § 1304 shall not apply to interest income received by the financing institution from loans made to the CNMI government pursuant to any interim financing arrangement authorized under PL 11-102. Source: PL 11-121, § 3, modified. Commission Co…
4 CMC § 1310 Tax on Marijuana Retailer
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Tax on Marijuana Retailer. In addition to the tax imposed by 4 CMC § 1301(a) a yearly surtax is imposed on total gross revenue of Marijuana Retailers, as defined in the Taulamwaar Sensible CNMI Cannabis Act of 2018, in the amount of fifteen percent, except gross revenue attributa…
4 CMC § 1311 Limitation on Deductions from Gross Revenue
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Limitation on Deductions from Gross Revenue. No deduction shall be allowed from gross revenues for the unpaid balance of any obligation or credit extended for gambling or gaming. Source: PL 21-26, § 2 (May 18, 2020), modified. Commission Comment: In addition to severability and s…
4 CMC § 1312 Long-Term Disability Employment Tax Credit
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Long-Term Disability Employment Tax Credit. (a) Any employer who hires an individual with a disability, as defined by the Americans with Disabilities Act of 1990, as amended (42 U.S.C. § 12101 et seq.), may qualify for a non-refundable tax credit of 40% of the wages paid to such …
