ND SB2302

Creates a state income tax credit equal to the amount contributed to the housing incentive fund under section 54-17-40 during the taxable year.

Limits aggregate tax credits to all contributors to $10 million total, with excess credits carried forward up to 10 succeeding taxable years.

Requires housing finance agency to file forms with contributing taxpayers and tax commissioner within 30 days showing taxpayer identification, contribution amount, and payment date.

Allows passthrough entities (partnerships, S-corporations, LLCs) to claim the credit at the entity level, with credits passed through to partners, shareholders, or members proportionally.

Effective for taxable years beginning after December 31, 2018.