ND SB2328

Amends the definition of "qualified business" to include an existing cooperative, corporation, partnership, or limited liability company incorporated or organized in North Dakota after December 31, 2000, for the primary purpose of being an agricultural commodity processing facility.

Requires qualified businesses to be certified by the securities commissioner for compliance with North Dakota securities laws and to have or intend to locate an agricultural commodity processing facility in the state.

Expands the definition of "qualified investment" to include cash investments, fee simple interests in real property located in North Dakota, and loans from members, shareholders, employees, suppliers, or customers of a qualified business.

Clarifies that real property investments do not include personal property that becomes a fixture to the real property after the initial investment.

Effective for taxable years beginning after December 31, 2014.