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Renewable Energy Tax Credit (North Dakota)
EZFeed/Relevant Yes  +
Incentive/Active true  +
Incentive/Amt 15% (3% per year for five years)  +
Incentive/ApplDsc Agricultural  + , Commercial  + , Industrial  +
Incentive/AuthCode ND Century Code 57-38-01.8  +
Incentive/AuthDtEff 2001-01-01  +
Incentive/AuthDtEnact 2001-03-26  +
Incentive/AuthExpireDt 2014-12-31  +
Incentive/AuthLink http://www.legis.nd.gov/cencode/t57c38.pdf  +
Incentive/CarOvProv Varies by technology and installation date (see below)  +
Incentive/ContAddr State Capitol  +
Incentive/ContAddr2 600 East Boulevard Ave.  +
Incentive/ContDept Office of the State Tax Commissioner  +
Incentive/ContEmail taxinfo@nd.gov  +
Incentive/ContName Public Information - State Tax Commissioner  +
Incentive/ContPhone (701) 328-2770  +
Incentive/ContPlace Bismarck, North Dakota  +
Incentive/ContWebsite http://www.nd.gov/tax  +
Incentive/ContZip 58505-0599  +
Incentive/EligSysSize Not specified  +
Incentive/EnergyCat Renewable Energy Incentive Programs  +
Incentive/ExpireDt December 31, 2014  +
Incentive/ExpireDtString 2014-12-31  +
Incentive/ImplSector State/Territory  +
Incentive/MaxInc Not specified  +
Incentive/Name Renewable Energy Tax Credit  +
Incentive/ProgAdmin North Dakota Department of Commerce  +
Incentive/StartDate January 1, 2001  +
Incentive/StartDateString 2001-01-01  +
Incentive/Summary North Dakota offers a corporate income tax
North Dakota offers a corporate income tax credit for the cost of acquiring and installing a geothermal, solar, biomass, or wind energy system in a building or on property owned or leased by the taxpayer in North Dakota. For systems installed after December 31, 2000, and before January 1, 2015, the credit is equal to 3% per year for 5 years of the actual cost of acquisition and installation of the system.<br> <br> The installation costs do not include costs of redesigning, remodeling or otherwise altering the structure of a building in which the renewable energy system is installed. If an eligible renewable energy system is a part of a system that uses other means of energy, only the portion of the total system directly attributable to the cost of the renewable energy system is included in determining the credit amount.<br> <br> In general, if the amount of credit exceeds the taxpayer’s income tax liability, the excess may be carried over to each of the 5 succeeding taxable years. However, any excess tax credits earned for wind energy systems installed after September 30, 2008, and before January 1, 2012, may be carried over to each of the 20 succeeding taxable years. For geothermal, solar, or biomass systems installed after September 30, 2008, and wind energy devices installed after December 31, 2011, any excess may be used as a credit carryover to each of the 10 succeeding taxable years.<br> <br> A pass-through entity that installs an eligible system in or on a property it owns or leases is considered to be the taxpayer. The amount of the credit allowed with respect to the entity's investments is determined at the pass-through entity level and must be passed through to the corporate partners, shareholders, or members proportionally.<br> <br> For eligible systems installed after December 31, 2006, if system ownership is transferred at the time installation is complete and the system is fully operational, the purchaser of the device is eligible for the tax credit under this section. Subsequent purchasers of the device are not eligible for the credit.
he device are not eligible for the credit.  +
Incentive/TechDsc Anaerobic Digestion + , Biomass + , Fuel Cells using Renewable Fuels + , Geothermal Electric + , Ground Source Heat Pumps + , Landfill Gas + , Passive Solar Space Heat + , Photovoltaics + , Renewable Fuels + , Solar Space Heat + , Solar Thermal Electric + , Solar Thermal Process Heat + , Solar Water Heat + , Wind +
Incentive/Type Corporate Tax Credit +
OpenEI/PageDescription Renewable Energy Tax Credit: energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , North Dakota  + , Corporate Tax Credit  + , North Dakota Department of Commerce  +
Place North Dakota: Energy Resources +
Website http://www.nd.gov/tax/taxincentives/income/energycredit.html  +
Categories Financial Incentive Programs , Incentive with Authorities , Incentive with Contacts , Pages with reference errors
Modification date
"Modification date" is a predefined property that corresponds to the date of the last modification of a subject and is provided by Semantic MediaWiki.
23:54:25, 12 February 2015  +
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