Wage and Salary Credit

A corporation doing business in North Dakota for the first time may take an income tax credit equal to:

• 1% of wages and salaries paid during the tax year for each of the first three years of operating, and
• ½% of wages and salaries paid during the tax year for the fourth and fifth years.

A corporation qualifies for the credit if it:

• Is engaged in assembling, fabricating, manufacturing, mixing or processing of an agricultural, mineral or manufactured product.
• Did not receive a property or income tax exemption.
• Was not created from reorganization or acquisition of an existing North Dakota business.

N.D.C.C. § 57-38-30.1