North Dakota Code 57-38-30 – Imposition and rate of tax on corporations
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A tax is hereby imposed upon the taxable income of every domestic and foreign corporation which must be levied, collected, and paid annually as in this chapter provided:
Terms Used In North Dakota Code 57-38-30
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
1. For the first twenty-five thousand dollars of taxable income, at the rate of one and forty-one hundredths percent.
2. On all taxable income exceeding twenty-five thousand dollars and not exceeding fifty thousand dollars, at the rate of three and fifty-five hundredths percent.
3. On all taxable income exceeding fifty thousand dollars, at the rate of four and thirty-one hundredths percent.