Fillable Schedule Nd-1tc - Tax Credits - 2013 (Page 2 of 6) in pdf

North Dakota Ofﬁ ce of State Tax Commissioner

2013 Schedule ND-1TC instructions

Page 1

New for 2013!

Unused credit carryover. Include on this

total credit (including a credit from a North

line an allowable unused credit carried

Dakota Schedule K-1) that is ﬁ rst allowed

A new income tax credit has been added to

over from a prior tax year. For an unused

on the 2013 tax year’s return exceeds the

Schedule ND-1TC for 2013—see line 20.

credit based on investments made in

tax for the year, the unused credit may

tax years 2001 through 2004—however,

be carried over to subsequent tax years’

see the Note below for an exception for

returns for up to 4 years.

Purpose of schedule

2004— the amount you may use from

Unused credit carryover. Include on this

If you have any of the income tax credits

each year is limited to the smaller of (1)

line an allowable unused credit carried

shown on Schedule ND-1TC, you must

the unused credit, (2) 50% of the total

over from a prior tax year. For an unused

complete and attach it to Form ND-1.

credit allowed on the initial investment,

credit based on investments made in tax

(3) $3,000, or (4) 50% of the tax liability

years 2009 through 2012, the amount you

before credits on your 2013 return. Do not

may use is subject to the annual limit—see

Speciﬁ c line instructions

include on this line any remaining unused

below. Do not include on this line any

credit from the 2005 or 2006 tax year. For

remaining unused credits from tax years

Line 1 - Family member care credit

an unused credit based on investments

prior to 2009.

A tax credit is allowed for paying

made in tax years 2007 through 2012,

qualifying expenses for the care of a

Annual limit. Of the total credits

the amount you may use is subject to the

disabled or elderly family member. See

available (including unused credit

annual and lifetime limits—see below.

Schedule ND-1FC for details. Attach

carryovers from tax years 2009 and after),

Note for certain 2004 investments: Do not

Schedule ND-1FC.

you may use no more than $112,500 on

include on this line any remaining unused

your 2013 return.

credit based on an investment made in the

Line 2 - Renaissance zone credit

2004 tax year if it is attributable to the

Line 5 - Planned gift credit

2004 retroactive relief credit legislation

Income tax credits are allowed under the

A tax credit is allowed for making a

passed by the 2005 North Dakota

North Dakota Renaissance Zone Program

charitable contribution under a qualifying

Legislature.

for qualifying purchases, improvements,

planned gift arrangement to a qualiﬁ ed

or investments made in a state-approved

Annual limit. Of the total credits

nonproﬁ t organization or qualiﬁ ed

zone. For details, see the Renaissance

available (including carryovers of unused

endowment fund in North Dakota. See

Zone Act Tax Incentives Guideline and

credits attributable to investments made in

Schedule ND-1PG for details. Attach

Schedule RZ. Attach Schedule RZ.

tax years 2007 and after), you may use no

Schedule ND-1PG.

more than $50,000 on your 2013 return.

Line 3 - Ag commodity investment

Lifetime credit limit. You are allowed no

Line 6 - Biodiesel or green diesel

credit

fuel supplier credit

more than $250,000 in total tax credits for

If you made a qualiﬁ ed investment in

investments made in tax years 2005 and

A tax credit is allowed to a North Dakota

a business certiﬁ ed for the agricultural

after.

licensed fuel supplier (wholesaler) for

commodity processing facility investment

blending biodiesel or green diesel fuel in

credit program, enter your allowable

North Dakota with a minimum 5% blend

Line 4 - Seed capital investment

credit on this line. A qualiﬁ ed investment

credit

(“B5”) that meets ASTM speciﬁ cations.

is evidenced by the investment reporting

The credit is equal to 5 cents per gallon

If you made a qualiﬁ ed investment in

form that the certiﬁ ed business is required

blended. Include on this line a biodiesel

a business certiﬁ ed for the seed capital

to provide to you at the time you made

or green diesel fuel credit from a North

investment credit program, enter your

your investment.

Dakota Schedule K-1. If the total credit

allowable credit on this line. A qualiﬁ ed

(including a credit from a North Dakota

investment is evidenced by the investment

For qualiﬁ ed investments that you made

Schedule K-1) that is ﬁ rst allowed on the

reporting form that the certiﬁ ed business is

directly to a certiﬁ ed business during the

2013 tax year’s return exceeds the tax for

required to provide to you at the time you

2013 tax year, the credit is equal to 30%

the year, the unused credit may be carried

made your investment.

of the total amount invested. Include

over to subsequent tax years’ returns for up

on this line an agricultural commodity

For qualiﬁ ed investments that you made

to 5 years.

investment tax credit from a North

directly to a certiﬁ ed business during the

Dakota Schedule K-1. If the total credit

Unused credit carryover. Include on this

2013 tax year, the credit is equal to 45% of

(including a credit from a North Dakota

line an allowable unused credit carried

the total amount invested. Include on this

Schedule K-1) that is ﬁ rst allowed on the

over from tax years 2008 through 2012.

line a seed capital investment tax credit

2013 tax year’s return exceeds the tax for

from a North Dakota Schedule K-1. If the

the year, the unused credit may be carried

over to subsequent tax years’ returns for up

to 10 years.

Schedule Nd-1tc - Tax Credits - 2013 Page 2

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