North Dakota Code 40-57.1-07 – Exemptions – Time for making application
Current as of: 2023 | Check for updates
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1. No property tax exemption shall be granted under this chapter unless the application for it is granted as provided in this chapter prior to the commencement of construction of the project as that term is defined in section 40-57.1-02 or prior to occupancy by the project operator if the project is an existing building.
Terms Used In North Dakota Code 40-57.1-07
- Property: includes property, real and personal. See North Dakota Code 1-01-49
- year: means twelve consecutive months. See North Dakota Code 1-01-33
2. Application for an income tax exemption as provided in this chapter must be made by the project operator no later than one year after the commencement of project operations.