INCENTIVE DESCRIPTION

State:	ND
Incentive Type:	Income/Franchise Tax Incentives and Credits
Incentive Title:	Investment Credits
Description:	1. SEED CAPITAL INVESTMENT CREDIT: An individual, estate, trust, partnership, corporation, or limited liability company is allowed an income tax credit for investing in a certified business. The credit is equal to 45% of an investment of up to $250,000. Not more than a third of the credit is allowed in any taxable year. Unused credit may be carried forward up to four years. For businesses certified on or after January 1, 2005, only the first $500,000 of eligible investments in a certified business are eligible for the tax credit. The total amount of tax credits allowed for investments made in all certified businesses in any calendar year is limited to $2.5 million. 2. VENTURE CAPITAL INVESTMENT CREDIT: An income tax credit is allowed to an individual, estate, trust, or corporation for investing in a qualified North Dakota venture capital corporation. The credit is equal to 25% of the amount invested, up to a maximum credit of $250,000. 3. AGRICULTURAL COMMODITY PROCESSING FACILITY INVESTMENT CREDIT: An individual, estate, trust, or partnership is allowed an income tax credit for investing in a certified agricultural commodity processing facility in North Dakota. The credit is equal to 30% of the investment, up to a maximum credit of $50,000 per tax year. Not more than 50% of the credit is allowed in any tax year. The credit in any tax year may not exceed 50% of the tax liability. An unused credit my be carried forward five taxable years. A taxpayer is allowed no more than $250,000 in credits for all tax years. 4. GEOTHERMAL, SOLAR OR WIND ENERGY CREDIT An income tax credit equal to 3% of the cost of acquisition and installation is allowed for the first five tax years. Any excess credit may be carried forward for five suceeding tax years.
Eligibility Requirements:	1. The business must be certified by the Department of Commerce Division of Economic Development and Finance. 2. Must invest in a qualified venture capital corporation. 3. The business must be certified by the Department of Commerce Division of Economic Development and Finance. 4. Must be a qualified corporation,limited liability company, partnership, trust, or estate. Must complete all required forms and approvals.
Geographic Restrictions:	Statewide
Granting Authority:	State of North Dakota

The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.