ND SB2378

Establishes a 40% income tax credit for taxpayers who contribute to qualified nonprofit organizations for community of life projects, with a maximum annual credit of $20,000 for individuals or $40,000 for married couples filing jointly.

Eligible recipients of contributions include units of local government, state government, tribal government, and nonprofit organizations serving communities in North Dakota.

Qualified community of life projects include construction, refurbishing, reconstruction, rehabilitation, acquisition, or improvement of recreational, arts, science, and quality of life amenity projects.

Requires that contributions reducing federal taxable income be added back to federal taxable income when computing North Dakota taxable income.

Effective for the first four taxable years beginning after December 31, 2014, and expires thereafter.