Income Tax Incentives

Ag Commodity Processing Facility Investment Tax Credit

Angel Fund Investment Credit

Biodiesel Tax Credits

Biomass, Geothermal, Solar, or Wind Energy Credit

Internship Employment Credit

Microbusiness Investment and Employment Credit

Research Expense Credit

Seed Capital Investment Credit

Wage & Salary Credit

Workforce Recruitment Credit

Certified Nonprofit Development Corporation Investment Credit

An income tax credit is allowed to an individual, estate, trust, or corporation 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. The unused credit may be carried forward seven years.

Note: In the case of an individual, estate, or trust, for which there are two methods of calculating an income tax, this credit may or may not be beneficial because it is only allowed under the method found on Form ND-2 (for an individual) or Schedule 2 of Form 38 (for an estate or trust). Comparing the tax result under both methods is the only way to know if the credit will be beneficial.

[Reference: N.D.C.C. §§ 10-33-124 and 57-38-01.17]

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