Schedule Rz - Schedule For Renaissance Zone Income Exemption And Tax Credits - 2015 Page 2
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5North Dakota Office of State Tax Commissioner
2015 Schedule RZ, page 2
Taxpayer's name as shown on tax return
Social security number (or FEIN, if applicable)
Part 1
continued
13
13. Enter the amount from page 1, Part 1, line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
See the instructions to lines 14a through 14c before completing them.
14. a. Number of months of eligibility for the exemption during the 2015 tax year . . . . . . . . 14a
14b
b. Number of months in taxpayer's 2015 tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c. Exemption period eligibility factor (Divide line 14a by line 14b) . . . . . . . . . . . . . . . . . . . . . . . . . . . 14c
15. North Dakota business income exemption for this project (Multiply line 13 by line 14c) . . . . . . . . . . . . . 15
16. Investment income exemption for this project (See instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
17. Total business or investment income exemption (Add lines 15 and 16) . . . . . . . . . . . . . . . . . . . . . . . . . 17
18. Income exemption from directly-owned zone project property. Enter the amount from line 17
on line 18a or line 18b, whichever applies.
a. If the project approval date on page 1, Part 1, line 1b, is before August 1, 2013,
18a
enter the amount from line 17 here and on page 5, Part 7, line 1a . . . . . . . . . . . . . . . . . . . . . . . . .
b. If the project approval date on page 1, Part 1, line 1b, is after July 31, 2013,
enter the amount from line 17 here and on page 5, Part 7, line 1d . . . . . . . . . . . . . . . . . . . . . . . . .
18b
Complete line 19 only if the taxpayer is claiming a renaissance zone income exemption
from a North Dakota Schedule K-1.
19. Income exemption from a passthrough entity. Enter the amount from the North Dakota
Schedule K-1 on line 19a or line 19b, whichever applies.
a. For projects approved before August 1, 2013, enter the amount here and on
19a
page 5, Part 7, line 1b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b. For projects approved after July 31, 2013, enter the amount here and on
page 5, Part 7, line 1e. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19b
Part 2 Business purchase or expansion tax credit
See the instructions for Part 2 on page 6 of the instruction booklet.
1. Fill in this circle only if the taxpayer is eligible for this credit and is irrevocably electing to claim it
instead of the business income exemption . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. Project number assigned by the local zone authority (Attach a copy of the final zone project approval letter)
3. Renaissance zone city in which the zone project is located
4. Street address of zone project property
Yes
No
5. Does taxpayer have more than one zone project at the address shown on line 4 above?
If yes, enter all of the project numbers here
6. Type of qualifying transaction (from final zone project approval letter):
a
b
c
Purchase of new business
Expansion of existing business
Leasehold improvement
7. If a is checked on line 6, enter the date on which title to the property was obtained. If b or c is
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checked on line 6, enter the date the expansion or leasehold improvement work was completed . . . . . . . .
8
Credit period start date (from final zone project approval letter) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8.
See the instructions to line 9 before completing it.
9. Number of months of eligibility for the credit for the 2015 tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
10. Business purchase or expansion tax credit. If the number on line 9 is less than 12, multiply the number
10
on line 9 by $166.67; otherwise, enter $2,000. Enter the amount from this line on page 5, Part 7, line 2
Attach all 5 pages of Schedule RZ to the North Dakota income tax return
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