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ND SB2207
Bill
Status
Passed
4/19/2013
Primary Sponsor
Tony Grindberg
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AI Summary
- Adds a new subsection to North Dakota Century Code section 57-38-30.5 to preserve the state research tax credit when federal research tax credit provisions expire
- Allows the state to reference the most recent version of Internal Revenue Code section 41 when federal research tax credit provisions become ineffective in any taxable year
- Applies retroactively to taxable years beginning after December 31, 2011
- Expires on December 31, 2014, and becomes ineffective after that date
- Passed the Senate 45-0 (2 absent) and the House 83-7 (4 absent)
Legislative Description
The effect of the expiration of the federal research tax credit on the state income tax credit for research and experimental expenditures; to provide for retroactive application; and to provide an expiration date.
Last Action
Signed by Governor 04/19
4/19/2013
Committee Referrals
Finance and Taxation1/17/2013
Full Bill Text
No bill text available