Schedule Nd-1tc - Tax Credits - 2012 Page 6
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6North Dakota Offi ce of State Tax Commissioner
2011 Schedule ND-1TC instructions
Page 5
A “partnership plan” policy is a special
Important: There are long-term care
Line 19 - Housing incentive fund
type of long-term care insurance policy
insurance policies that ARE NOT
credit
“partnership plan” policies for which
that meets specifi c consumer protection
If you made a qualifying contribution
and federal income tax law requirements,
the premiums are not eligible for this
in 2012 to the Housing Incentive Fund
is recognized by North Dakota for
credit. Therefore, you must check
administered by the North Dakota
Medicaid benefi t purposes, and provides
your policy or contact your insurance
Housing Finance Agency, enter on this
company to confi rm that it is a
the proper infl ation protection based on
line the amount shown on the credit
the insured individual’s age at time of
“partnership plan” policy.
certifi cate issued to you by the Agency.
purchase.
The credit is equal to the premiums
Include on this line a housing incentive
you paid during the tax year, up to a
An insurance company is required to
fund credit from a North Dakota
provide you with a statement certifying
maximum credit of $250 (or $500, if
Schedule K-1.
the policy as a “partnership policy” at
both you and your spouse are insured).
If the total credit (including a credit
time of issuance. If you are fi ling a paper
from a North Dakota Schedule K-1) fi rst
return, attach copies of the certifi cation
Line 17 - Unused 2009 retroactive
allowed on the 2012 tax year’s return
statement and the fi rst page of the policy
property tax relief credit
exceeds the tax for the year, the unused
which identifi es the insurance company
If you claimed the retroactive property
credit may be carried over to subsequent
and the name(s) of the insured. If you
tax credit on your 2009 Form ND-1,
tax years’ returns for up to 10 years.
are electronically fi ling your return, you
Schedule ND-1TC, line 17, but you
must be able to provide these copies
Adjustment to taxable income—Your
were unable to use all of it on your 2009
upon request by the Offi ce of State Tax
North Dakota taxable income must
through 2011 returns, enter the unused
Commissioner.
be increased by the amount of the
portion on this line.
contribution to the Housing Incentive
Fund to the extent it reduced your federal
taxable income. See the instructions to
Line 18 - Endowment fund credit
the 2012 Form ND-1, line 4b.
A tax credit is allowed for making one
or more charitable contributions totaling
at least $5,000 to a qualifi ed endowment
fund in North Dakota. Attach
Schedule ND-1QEC.
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