INCENTIVE DESCRIPTION

State: ND
Incentive Type: Income/Franchise Tax Incentives and Credits
Incentive Title: Jobs Credits
Description: WAGE AND SALARY CREDIT: A corporation doing business in North Dakota for the first time may take an income tax credit equal to: 1) 1% of wages and salaries paid during the tax year for each of the first three years of operation; and 2) 1/2% of wages and salaries paid during the tax year for the fourth and fifth years.
Eligibility Requirements: A corporation qualifies for the credit if it: 1) did not receive a property or income tax exemption under N.D.C.C. ch. 40-57; 2) was not created from a reorganization or acquisition of an existing North Dakota busineess; and 3) is engaged in assembling, fabricating, manufacturing, mixing or processing of an agricultural, mineral or manufactured product.
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.