Seed Capital Investment Credit

An individual, estate, trust, partnership, corporation or limited liability company is allowed an income tax credit for investing in a business certified by the Department of Commerce Division of Economic Development and Finance. A real estate investment trust is not eligible for the credit.

The credit is equal to 45% of an investment with no more than $112,500 allowed in any taxable year. The unused credit may be carried forward up to four years.

For businesses first certified on or after January 1, 2005 or recertified on or after January 1, 2007, only the first $500,000 of eligible investments in a certified business is eligible for the tax credit. The total amount of tax credits allowed for investments made in all certified businesses in any calendar year is limited to $3.5 million.

N.D.C.C. ch. 57-38.5