INCENTIVE DESCRIPTION

State:	ND
Incentive Type:	Property Tax Incentives
Incentive Title:	Property Tax Abatements
Description:	1. PROPERTY TAX ABATEMENT Any new or expanding business project may be granted a property tax exemption for up to five years. Additional extensions are available for qualifying agricultural processors and for improvements on government-owned property. 2. PAYMENTS IN LIEU OF PROPERTY TAX may be negotiated in addition to, or instead of, the normal property tax abatement with local governments for up to 20 years. 3. PERSONAL PROPERTY TAX EXEMPTION North Dakota does not tax personal property with the exception of certain oil and gas refineries and utilities.
Eligibility Requirements:	1. Must be a new or expanding revenue-producing business. Application must be made and approved prior to construction of a new facility or prior to occupation of an existing facility. Land and TIF financed projects are not eligible. 2. Must be a new or expanding revenue-producing business. May be approved after construction or occupancy of a structure.
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.