Income Tax Incentives
Certified Nonprofit Development Corporation Investment Credit
A corporation is allowed an income tax credit for buying membership in, paying dues to, or contributing to a certified nonprofit development corporation. The credit is equal to 25% of the qualifying payments, up to a maximum credit of $2,000. An unused credit may be carried forward up to seven tax years.
- [Reference: N.D.C.C. §§ 10-33-124 and 57-38-01.17]
- Certification as a qualified business - To obtain certification for purposes of the Certified Nonprofit Development Corporation Investment Tax Credit Program, a corporation must apply to the North Dakota Office of Secretary of State. For more information on obtaining certification, contact that office as follows:
- Reporting investments – To qualify for the income tax credit, a certified nonprofit development corporation must report each qualified investment it receives by completing and submitting the Certified Nonprofit Development Corporation Investment Reporting Form.
ND Secretary of State
600 E Boulevard Ave Dept 108
Bismarck ND 58505-0500
Toll Free: 800-352-0867 ext. 328-4284 (TTY: 800-366-6888)
Web site: www.nd.gov/sos