Form 58 - North Dakota Partnership Income Tax Booklet

Line 9

Line 12a

Line 15a. Enter the allowable credit on this

Ag commodity investment credit

Geothermal device tax credit -

line.

installed after December 31, 2008

If the partnership invested in a qualiﬁ ed

Enter the amount of credit for a geothermal

Line 15b. Enter on this line the amount of

business for purposes of the agricultural

qualifying new investment made during the

device installed after December 31, 2008.

commodity processing facility investment

2012 tax year on which the credit was based.

tax credit, multiply the total amount invested

Line 12b

Disregard this line if the credit is from a

during the 2012 tax year by 30% and enter the

Geothermal device tax credit -

passthrough entity.

result on this line.

installed before January 1, 2009

Enter the amount of credit for a geothermal

Line 15c. Enter on this line the amount

Line 10

device installed before January 1, 2009.

of compensation paid for qualifying new

Biodiesel or green diesel fuel

supplier credit

employment during the 2012 tax year on

Line 12c

which the credit was based. Disregard this

If the partnership is a licensed supplier of

Biomass, solar, or wind energy

line if the credit is from a passthrough entity.

biodiesel or green diesel fuel, it is allowed

device credit

a credit equal to ﬁ ve cents per gallon for

Enter the amount of credit for the installation

Line 16a

blending biodiesel or green diesel fuel having

of a biomass, solar, or wind energy device.

Research expense credit

at least a 5% blend (“B5”) that meets ASTM

If the partnership conducted qualiﬁ ed research

Line 13

speciﬁ cations. For this purpose, a “supplier”

in North Dakota, it is allowed a tax credit

Certiﬁ ed ND nonproﬁ t development

means a person who distributes the biodiesel

corporation investment credit

on qualiﬁ ed research expenses in excess of

or green diesel fuel from a terminal in North

If the partnership purchased membership

base period research expenses. The credit is

Dakota. Enter the credit on this line. Attach

equal to 25% of the ﬁ rst $100,000 of excess

in, paid dues to, or made a contribution to a

a statement showing the calculation of the

qualiﬁ ed expenses plus an additional credit

certiﬁ ed North Dakota nonproﬁ t development

credit.

on excess qualiﬁ ed expenses over $100,000 at

corporation, multiply the total amount paid

a credit rate that is dependent on the tax year

(but no more than $8,000) by 25% and

Line 11

Biodiesel or green diesel fuel seller

in which it ﬁ rst conducted qualiﬁ ed research

enter the result on this line. Attach a copy

credit

in North Dakota. For details, see N.D.C.C.

of the Certiﬁ ed Nonproﬁ t Development

If the partnership is a licensed seller of

Corporation Investment Reporting Form.

§ 57-38-30.5. Enter the allowable credit on

biodiesel or green diesel fuel, it is allowed a

this line.

Line 14

credit equal to 10% of the costs to adapt or

Employer internship program credit

Line 16b

add equipment to its facility to enable it to sell

Purchased research expense credit

If the partnership hired an eligible college

diesel fuel having at least a 2% biodiesel or

student under a qualifying internship program

Enter on this line a research credit that you

green diesel blend (“B2”) that meets ASTM

set up in North Dakota, it is allowed a credit

obtained from another taxpayer through a

speciﬁ cations. For this purpose, a “seller”

equal to 10% of the compensation paid to the

sale, assignment, or transfer. For details, see

means a person who acquires the fuel from

intern. For details, see N.D.C.C. § 57-38-

N.D.C.C. § 57-38-30.5.

a wholesale supplier or distributor for resale

01.24. The partnership is allowed no more

to a consumer at a retail location. Except for

Line 17

than $3,000 of credits for all tax years.

costs incurred before January 1, 2005, include

Endowment fund tax credit

eligible costs incurred before the tax year in

Line 14a. Enter the allowable credit on this

If the partnership made a charitable

which sales of the eligible biodiesel or green

line.

contribution to a qualiﬁ ed endowment fund in

diesel fuel begin. The credit is allowed in

North Dakota, it is allowed a tax credit equal

Line 14b. Enter the number of eligible

each of ﬁ ve tax years, starting with the tax

to 40% of the contribution, up to a maximum

interns hired during your 2012 tax year.

year in which sales of the eligible biodiesel

credit of $10,000. For details, see N.D.C.C.

Disregard this line if the credit is from a

or green diesel fuel begin. Enter the credit on

§ 57-38-01.21.

passthrough entity.

this line. Attach a statement showing the

calculation of the credit.

Line 14c. Enter on this line the total

Line 17a. Enter the allowable credit on this

compensation paid to eligible interns during

line.

Line 12

the 2012 tax year (as shown on their 2012

Energy device tax credits

Form W-2s). Disregard this line if the credit

Line 17b. Enter on this line the amount of

If the partnership installed a qualifying

is from a passthrough entity.

charitable contribution made to a qualiﬁ ed

geothermal, biomass, solar, or wind energy

endowment fund in North Dakota during the

device on property it owns or leases in North

Line 15

2012 tax year on which the credit is based.

Microbusiness credit

Dakota, it is allowed a credit equal to 3%

of the costs of acquisition and installation.

If the partnership is certiﬁ ed as a

Line 18

The credit is allowed in each of ﬁ ve tax

microbusiness by the North Dakota

Workforce recruitment tax credit

years, starting with the tax year in which

Commerce Department, it is allowed a tax

If the partnership employs extraordinary

the installation is completed. For more

credit equal to 20% of the eligible cost of new

recruitment methods to hire an employee to

information, see N.D.C.C. § 57-38-01.8.

investment in property and new employment.

ﬁ ll a hard-to-ﬁ ll position in North Dakota,

Attach a statement describing the device, a

For details, see N.D.C.C. § 57-38-01.27. The

it is allowed a tax credit equal to 5% of the

detailed list of the costs of acquisition and

partnership is allowed no more than $10,000

compensation paid during the ﬁ rst 12 months

installation, and the date the device was

of tax credits for all tax years.

to the employee hired to ﬁ ll that position. The

completely installed.

credit may be claimed in the ﬁ rst taxable year

Form 58 - North Dakota Partnership Income Tax Booklet - 2012 Page 8

Related Articles

Related forms

Related Categories