Schedule Rz - Schedule For Renaissance Zone Income Exemption And Tax Credits - 2012
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42012
Schedule
North Dakota Office of State Tax Commissioner
RZ
Schedule for renaissance zone income
Attach to
exemption and tax credits
Form ND-1, 35, 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 booklet.
Project number assigned by the local zone authority (Attach a copy of final zone project approval letter)
1.
2.
Renaissance zone city in which the zone property is located
Street address of project property
3.
Yes
No
Does taxpayer have more than one zone project at the address shown on line 3 above?
4.
If yes, enter all of the project numbers here
Type of qualifying transaction (per final zone project approval letter):
5.
a
Purchase
b
Purchase with major improvements
Lease
d
Qualified rehabilitation
c
e
f
Public utility infrastructure changes
Leasehold improvements
6.
If a or c is checked on line 5, enter the date title to the property was obtained or the effective
/
/
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date of the lease . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
/
/
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7.
If b, d, e, or f is checked on line 5, enter the date the improvement or rehabilitation work was completed
/
/
Exemption period start date (per final zone project approval letter) . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
8.
If the taxpayer qualified for this exemption because the zone project property is being used for
investment purposes, skip lines 9 through 13 and go to line 14.
9.
North Dakota business income for 2012 tax year (See page 4 of instructions for the amount to
9
enter on this line) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Is 100% of the North Dakota business real property located at the zone project location?
For this purpose, include real property that is leased for use in the business.
If yes, skip lines 10a through 10g, and enter 1.000000 on line 10h.
If no, complete lines 10a through 10h. See instructions on page 11.
Column A
Column B
Total North Dakota
Zone project
Enter the average value at original cost of each of the following
10.
property
property location
real and tangible personal property items used in this business:
a. Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10a
b. Buildings and other fixed assets . . . . . . . . . . . . . . . . . .
10b
c. Depletable assets . . . . . . . . . . . . . . . . . . . . . . . . . . .
10c
d. Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10d
e. Other assets (Attach a statement identifying these assets)
10e
f. Rented property (Annual rent x 8) . . . . . . . . . . . . . . . .
10f
g. Total property (Add lines 10a through 10f) . . . . . . . . . .
10g
.
10h
h. Zone apportionment factor (Divide line 10g, Column B, by line 10g, Column A) . . . . . . . . . . . . . . .
11
North Dakota business income attributable to zone project property (Multiply line 9 by factor on line 10h)
11.
Is taxpayer eligible for this exemption for all of the 2012 tax year? See page 5 of instructions.
If yes, skip lines 12a and 12b, and enter 1.000000 on line 12c.
If no, complete lines 12a through 12c. See instructions on page 5 for number of months to enter on line 12a.
12a
a. Number of months of eligibility for the exemption during the 2012 tax year . . . . . . .
12.
12b
b. Number of months in taxpayer's 2012 tax year . . . . . . . . . . . . . . . . . . . . . . . . . .
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c. Exemption period eligibility factor for 2012 tax year (Divide line 12a by line 12b) . . . . . . . . . . . . . . 12c
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13.
Business income exemption for this project (Multiply line 11 by factor on line 12c) . . . . . . . . . . . . . . . .
Income exemption from a passthrough entity (Attach copy of North Dakota Schedule K-1 or
14.
14
Renaissance Zone Passthrough Member Notice) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15.
Investment income exemption for this project (See instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
Total business or investment income exemption for 2012 tax year (Add lines 13, 14, and 15)
16.
Enter the result here and on page 4, Part 7, line 1, of this schedule . . . . . . . . . . . . . . . . . . . . . . . . . .
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Attach all 4 pages of Schedule RZ to the North Dakota return
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