Section 81-03-05.1-05 - Subchapter S corporation tax credits1. The following tax credits may be claimed only by a subchapter S corporation required to pay state income tax pursuant to subsection 1 of North Dakota Century Code section 57-38-01.4: a. Corporate tax credit for new industry.b. Corporate tax credit for research and experimental expenditures.2. The shareholders may not claim tax credits claimed by the subchapter S corporation.N.D. Admin Code 81-03-05.1-05
Effective March 1, 1988; amended effective March 1, 1990; June 1, 2002.Amended by Administrative Rules Supplement 2016-361, July 2016, effective 7/1/2016.General Authority: NDCC 57-38-56
Law Implemented: NDCC 57-38-01.4, 57-38-01.7, 57-38-01.16, 57-38-01.17