Schedule Rz - Schedule For Renaissance Zone Income Exemption And Tax Credits - 2016 Page 5
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5North Dakota Office of State Tax Commissioner
2016 Schedule RZ, page 5
Taxpayer's name as shown on tax return
Social security number (or FEIN, if applicable)
Part 7 Exemption and tax credit summary
Interest in multiple zone projects. A separate Schedule RZ (for Parts 1 through 6) must be completed for each
zone project. If more than one Schedule RZ is completed for the tax year, add the separate amounts from all of the
Schedule RZ forms and enter the total on the appropriate line of Part 7 on only one of the Schedule RZ forms.
1. Business or investment income exemption:
Projects approved before August 1, 2013
a. Exemption amount from directly-owned property from Part 1, line 18a . . . . 1a
1b
b. Exemption amount from passthrough entity from Part 1, line 19a . . . . . . .
c. Business or investment income exemption for projects approved before August 1, 2013.
Add lines 1a and 1b. Enter this amount on the 2016 North Dakota return as instructed below . . . . . . 1c
If filing:
Enter amount from line 1c on:
Form ND-1 . . . . . . . Schedule ND-1SA, line 1
Form 38 . . . . . . . . . Form 38, Tax Computation Schedule, line 4d
Form 40 . . . . . . . . . Form 40, line 10, or Schedule CR, Part I, line 10
Form 58 . . . . . . . . . Form 58, Schedule K, line 4a
Form 60 . . . . . . . . . Form 60, Schedule K, line 2a
Projects approved after July 31, 2013
d. Exemption amount from directly-owned property from Part 1, line 18b . . . . 1d
1e
e. Exemption amount from passthrough entity from Part 1, line 19b . . . . . . .
f. Add lines 1d and 1e. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1f
500,000
g. Maximum exemption per year for projects approved after July 31, 2013. . . . 1g
h. Business or investment income exemption for projects approved after July 31, 2013. Enter lesser
of line 1f or line 1g. Enter this amount on the 2016 North Dakota return as instructed below . . . . . . 1h
If filing:
Enter amount from line 1h on:
Form ND-1 . . . . . . . Schedule ND-1SA, line 1
Form 38 . . . . . . . . . Form 38, Tax Computation Schedule, line 4d
Form 40 . . . . . . . . . Form 40, line 10, or Schedule CR, Part I, line 10
Form 58 . . . . . . . . . Form 58, Schedule K, line 4b
Form 60 . . . . . . . . . Form 60, Schedule K, line 2b
2. Business purchase or expansion tax credit from Part 2, line 10 . . . . . . . . . . . . . . .
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3. Single-family residence tax credit from Part 3, line 11 . . . . . . . . . . . . . . . . . . . . .
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4. Historic property preservation or renovation tax credit from Part 4, line 10 . . . . . .
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5. Renaissance fund organization investment tax credit from Part 5, line 7 . . . . . . . .
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6. Nonparticipating property owner tax credit from Part 6, line 9 . . . . . . . . . . . . . . . 6
7. Total renaissance zone credit. Add lines 2 through 6. Enter this amount on the 2016 North Dakota
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return as instructed below . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
If filing:
Enter amount from line 7 on:
Form ND-1 . . . . . . . Schedule ND-1TC, line 2
Form 38 . . . . . . . . . Form 38, page 1, line 3
Form 40 . . . . . . . . . Form 40, Schedule TC, line 11, or Schedule CR, Part III, line 11
Form 58 . . . . . . . . . Form 58, Schedule K, line 7
Form 60 . . . . . . . . . Form 60, Schedule K, line 4
Attach all 5 pages of Schedule RZ to the North Dakota income tax return
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Parent category: Financial