Businesses
Government-funded
Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Five-year income tax exemptions and property tax exemptions for businesses rehabilitating commercial property or starting new businesses in designated Renaissance Zones in North Dakota downtowns.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Business must be located in a designated Renaissance Zone (downtown revitalization area)
2.Must be rehabilitating an existing building or constructing a new commercial facility
3.Income tax exemption: 100% for 5 years on business income from Renaissance Zone operations
4.Property tax exemption: 100% for 5 years on improvements
5.Must obtain certificate from local Renaissance Zone Authority
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IRS · United States
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