Schedule Rz - Schedule For Renaissance Zone Income Exemption And Tax Credits - 2016
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52016
Schedule
North Dakota Office of State Tax Commissioner
RZ
Schedule for Renaissance Zone Income
Attach to
Exemption and Tax Credits
Form ND-1, 38,
40, 58, or 60
Taxpayer's name as shown on tax return
Social security number (or FEIN, if applicable)
Part 1 Business or investment income exemption
See the instructions for Part 1 on page 3 of the instruction booklet.
If the taxpayer directly owns or leases the zone project property, complete lines 1 through 18 of Part 1. On lines 8 through 18,
only include the numbers for the business that owns or leases the zone project property.
If the taxpayer is completing Schedule RZ, Part 1, only to claim a business or investment income exemption shown on a
North Dakota Schedule K-1, skip lines 1 through 18, and enter the income exemption amount on page 2, Part 1, line 19.
1. a. Project number assigned by the local zone authority (Attach a copy of the final zone project
approval letter) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b. This project was approved by the local zone authority:
Before August 1, 2013
After July 31, 2013
2. Renaissance zone city in which the zone project property is located
3. Street address of zone project property
4. Does taxpayer have more than one zone project at the address shown on line 3 above?
Yes
No
If yes, enter all of the project numbers here
5. Type of qualifying transaction (from final zone project approval letter):
c
a
Purchase
b
Purchase with major improvements
Lease
d
Qualified rehabilitation
e
f
Public utility infrastructure changes
Leasehold improvements
6. If a or c is checked on line 5, enter the date on which title to the property was obtained or the date
the lease took effect, whichever applies. If b, d, e, or f is checked on line 5, enter the date the
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improvement or rehabilitation work was completed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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7. Exemption period start date (from final zone project approval letter) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
If the zone project property is being used solely for investment purposes, skip lines 8
through 15, and go to line 16. See instructions for what is considered investment use.
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8. North Dakota business income for 2016 tax year (See instructions for the amount to enter on this line) . . .
If less than 100% of the taxpayer's North Dakota business real property is located at
the zone project location, complete lines 9a through 9h; otherwise, enter "1.000000"
on line 9h and go to line 10.
Column A
Column B
All property in
Property at zone
9. Enter the average value at original cost of each of the following
North Dakota
project location
real and tangible personal property items used in the business:
a. Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9a
b. Buildings and other fixed assets . . . . . . . . . . . . . . . . . . . .
9b
c. Depletable assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9c
d. Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9d
e. Other assets (Attach a statement identifying assets) . . . . . .
9e
f. Rented property (Annual rent x 8) . . . . . . . . . . . . . . . . . . .
9f
g. Total property (Add lines 9a through 9f) . . . . . . . . . . . . .
9g
h. Zone apportionment factor (Divide line 9g, Column B, by line 9g, Column A) . . . . . . . . . . . . . . . . .
9h
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10. North Dakota business income attributable to zone project (Multiply line 8 by line 9h) . . . . . . . . . . . . . .
See the instructions to lines 11a through 11c before completing them.
11a
11. a. Amount of square feet added by the zone project . . . . . . . . . . . . . . . . . . . . . . . . . .
11b
b. Total square footage of building after expansion . . . . . . . . . . . . . . . . . . . . . . . . . . .
11c
c. Expansion limitation factor (Divide line 11a by line 11b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12. Balance of North Dakota business income attributable to zone project (Multiply line 10 by line 11c)
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Enter the amount from this line on page 2, Part 1, line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Attach all 5 pages of Schedule RZ to the North Dakota income tax return
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