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<br />
<br />L1O-67.1-.04
<br />
<br />NfTJlJ i~~~I:i.)^,,~L, G(;-',,'.'}::i-ti:-IlvlEI',TT
<br />
<br />pl'Opelty. UnI8,,3 the govel'uillg body of the municipality determines that
<br />th2re is no existing business wiLlin the mlmicipalii:y fot which the potential
<br />pi'oject would be a competitoT, the potential project operatDr shall publish
<br />t;,vo notices to competitors, the fon11 of which must be prescribed by the ta.'{
<br />commissioner, of the application [oz' tax exemption or pay:ments in lieu of
<br />taxes in the official newspaper of the municipality at least one week apart.
<br />The publications must be completed not less th6.n fifteen nor more than
<br />thil'ty days before the governing body of the municipality is to consider the
<br />application. The municipality shall determine whether the granting of the
<br />exemption or payments in lieu oftaxes, or both, is in the best interest of the
<br />municipality, and if it so determines, shaH give its approval.
<br />r--- During the negotiation and deliberation of a property tax exemption or
<br />U. the option to make payments in lieu of taxes under this chapter, a
<br />municipality shall include, as nonvoting ex officio members of its governing
<br />body, a representative appointed by the school board of each school district
<br />affected by the proposed action and a representative appointed by the board
<br />. of township supervisors of each township affected by the proposed action.
<br />
<br />
<br />40-5'i.l.;()L.t E:"~emptimi\ KJrDifiTl income ta~\r ~- Notic~ to competitors
<br />--- Limitations. Upon application by a project operator to the state board of
<br />equalization, the net income of a project may be exempt from state income
<br />tax for a period not exceeding five years from commencement of project
<br />operations. The application for the exemption must be reviewed as to the
<br />eligibility of the project by the department of commerce division of economic
<br />development and finance and its recommendations forwarded to the state
<br />board of equalization. The project operator shall Pi"ovide notice to competi-
<br />tors in the manner prescribed by the state board of equalization. The board
<br />shall determine whether the g-.canting of the exemption is in the best
<br />interest of the people of North Dakota and, ifit so determines, approve the
<br />exe:mption. The board shall, aftm. making its determination, certify the
<br />findings back to the applicant and to the tax commissioner. Nothing
<br />contained herein shall have the efi'ect of exempting the project from filing an
<br />annual income tax return.
<br />
<br />80\;::,'C8; S.L 1969, ch. 385, * 3; 1971, el1.
<br />424. 9 1; 1971, ch. 425, ~ 1; 1975, eh. 387,
<br />* 4; 1983. ch. 593, ~ 29; 1989, ch. 495, * 1;
<br />1991, ch. 447, ~ 3; 1994 Sp., ch. 784, * 1;
<br />H}95, ch. 393. ~ 1; 1995, ch. 394. S 1; 1999,
<br />ch. 368, * 1; 1999, ch. 497, ~ 1.
<br />
<br />Efi'ec~il'e DZtt;e.
<br />The 1999 amendment of this section by
<br />section 1 of chapt8r 368, S.L. 1999 becan18
<br />effective August 1, 1999.
<br />The 1999 amendment of this ~('ction by
<br />section 1 of chapter 497. S.L. 1999 is effective
<br />foJ' taxable years beginning after December
<br />31. 1998, pur~uant to section 4 of chapter 497.
<br />S.L. 199::).
<br />The 1995 amendment of tbis section by
<br />section 1 of chapt8r 393, S.L. 1995 bee-amp
<br />effective August 1, 1995.
<br />The 1995 amendment of this sectiun by
<br />
<br />S'OU:r'C'8~ S.L.VJ:JS. ell
<br />447, S 4; 200},) eh 483) ~'
<br />
<br />Effective i)~l';p.
<br />The 2001 am2J:((menl
<br />sectior. 19 of chapti!r '183,
<br />effective AUi,'l1.3t 1. 2001.
<br />
<br />~ectio,l 1 of chapter 394. S.L. 1995 became
<br />effective August 1, 1995.
<br />The 1994 amendment of this section by
<br />~ection 1 of chapter 784, S.1.. 1994 Sp., is
<br />effective for taxable years beginning after
<br />December 31, 1993.
<br />The 1991 amendment of this section by
<br />section 3 of chapter 447, S.L. 1991, became
<br />effective July 1, 1991. pursuant to N.D.
<br />Const., Art. IV, S 13.
<br />
<br />C ,To J;a.
<br />Section 4G.57.1-03 was amended twice by
<br />the 1999 Legislative Assembly. Pursuant to
<br />secUod 1-02-09.1, the section is printe.i above
<br />to harmonize and give effect to the changes
<br />made in section t of chapter 368, S.L. 1999
<br />and section 1 of chapter 497. S.L 1999.
<br />Section 2 of chapter 394, S.L. 1995 provides
<br />that the Actis effective through July 31,1997.
<br />and after that date is ineffective.
<br />
<br />40.5~:, 1 ,1)4 J ..
<br />];:)l' .
<br />....,~{rU1r,.~ln'e~'?t3, Not-
<br />PJ:oj~ct ?peratur who
<br />apphcatlOn c()f]sistent
<br />complete exemotiol1 .
<br />used in Ot l1eceisur;; t;
<br />five yea.?s f:rOfl the 1
<br />Stl"UCtUl'2. For tD.xab
<br />g0vorning' of a
<br />property uudDY' this Sf
<br />date of COlYHnencemen
<br />is ovvned bv thp Unit
<br />state and 1~a88d tv ti;
<br />the governing bedy of
<br />goveT~ing ~ody of thf
<br />year ai. a tune.
<br />
<br />Sml1l'.ea: S.L. 1931 en 4
<br />503, ~ 2; 1989. eh 495, *
<br />~ 1; 1989, ell 497, ~ 1; 1;-):
<br />
<br />Effective ])s.ce
<br />The 1991 anlBi1dn18nt (
<br />section 5 of chanter 4..Q,?'
<br />effective .Julyi, 1991,' f:
<br />Const., Art. IV, S 1 :3.
<br />The 1989 a~'ilendm8nt c
<br />section 1 of chapter 496, [-
<br />effective on J lIlv 1 1989
<br />Const., Art. IV, $f 1:1. Secti~
<br />S.L. 1989, provided: "This,
<br />ta.xable years beginil.ing a1
<br />
<br />40-57.1..i1J4.2, "LiC
<br />qui:rementco ._~ Fur]}
<br />
<br />Note.
<br />Section 10 of cluptal' 4,
<br />pealed this section dlectivc
<br />
<br />CToss..R,ef~;i'.e?:H;eD
<br />As to present p.rol/~8iollS r
<br />
<br />4:,O,.5'7,1'1P4>~l. PTC
<br />R:adlding$ and px
<br />crgmAizaiin,o., A mt:
<br />complete exeffi Dtion fr
<br />improvemen tsconstn
<br />for the express purp
<br />
<br />18<3
<br />
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