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1994 1 (1994)

handle is hein.ssl/ssnd0022 and id is 1 raw text is: 4 Fifiy-third Legislative Assembly, State of North Dakota, in Special Session begun and held at the Capitol in the City of Bismarck, on Wednesday, the twenty-ninth day of June, one thousand nine hundred and ninety-four HOUSE BILL NO. 1520 (Representatives Martinson, Oban) (Senators Wogsland, Nelson) (Approved by the Delayed Bills Committee) AN ACT to create and enact a new section to chapter 57-39.2 of the North Dakota Century Code, relating to a sales tax exemption for materials used to construct an agricultural commodity processing facility; to amend and reenact sections 40-57.1-03, 40-57.1-06, 57-15-31, and subsection 4 of section 57-39.2-04.3 of the North Dakota Century Code and subsection 5 of section 57-39.2-04.3 of the North Dakota Century Code as amended by section I of chapter 565 of the 1993 Session Laws, relating to a property tax exemption or payments in lieu of taxes which may be granted for new industries and sales tax exemptions for manufacturing machinery and construction materials for agricultural commodity processing facilities; to repeal section 40-57.1-08 of the North Dakota Century Code, relating to limitations on industrial projects that may qualify for tax exemptions for new industries; to provide an effective date; and to provide an expiration date. BE IT ENACTED BY THE LEGISLATIVE ASSEMBLY OF NORTH DAKOTA: SECTION 1. AMENDMENT. Section 40-57.1-03 of the 1993 Supplement to the North Dakota Century Code is amended and reenacted as follows: 40-57.1-03. Mii.pa.- - 4 '- Municipality's authority to grant tax exemption or oayments in lieu of taxes - Notice to competitors - Limitations. meili... ~are ereby au~ri~ nd zmpewelmd, in their di ...re.tion, as ii mited hereaftcr, to ., ,, e -f After negotiation with a potential project operator, a municioality may grant a partial or complete exemption from ad valorem taxation on all ...41-e prepepey buildings, structures, fixtures, and improvements used in or necessary to the operation of a project for a period not exceeding five years from the date of commencement of project operations. A municipality may also grant a partial or comolete exemption from ad valorem taxation on t-nib : preperty buildings, structures, fixtures, and imorovements used in or necessary to the operation of a project that produces or manufactures a product from agricultural commodities g§ewn in this state of up to one :undrd pereent in the sicth year from the dt f semneflocnt ef prejeet sperati on:, eighty pereent in the se-eenth year from the date of eefmene, ent of projeet operation:, sixty pcrecnt in the eighth year Orem the date of aoemneneement of proj oat operati on:, forty pereent in ehe ninth year fromf the date of eemmeneemcnt of projeet aperations, and twenty pereent in for all or Part of the sixth year through the tenth year from the date of commencement of project operations. An axarnotion granted inder thi: ehapter applies only to the ouildings, ,tu e rs -in. imieeit en.. thro e t. in addition to, or in lieu of, a property tax exemotion granted under this section, a municicality may establish an amount due as oayments in liau of ad valorem taxes on ouildings, structures, fixtures, and imorovements used in -he

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