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North Dakota Income Tax Law in Full

by Roni G.

North Dakota Income Tax Law, North Dakota Income Tax Laws

What are the Income Law Requirements in the State of North Dakota?

The development of a modern nation depends on the contribution of its citizens. To ensure the progress of the entire populace, the government imposes a tax on the income, possession and monetary transactions of its citizens and associated bodies such as businesses and trusts as a tax. The United States of America imposes a tax on its citizens and organizations at a federal, state and local government levels; with provisions for individual government bodies to impose taxes on personal income, businesses and corporations, the sale of goods and services as well as properties and real estate within their respective jurisdictions.

Taxes in North Dakota

North Dakota collects various taxes imposed on her residents and businesses operating within her jurisdiction, with taxation being paid to both the state as well as local governments. The taxes collected fall under these four categories:

  • Individual Taxes: The state of North Dakota imposes taxes from the income of individuals on account of various services provided by the country such as Social Security and Medicare and Medicaid. North Dakota collects income tax from its residents and citizens at a state-wide level; with the income tax being capped at 2.90%, with various slabs as per segmented as per individual income. The income tax collected per capita within the state averages to $709; with the state-local tax burden as a percent of total revenue coming to 9.0% of the total taxes collected.
North Dakota Income Tax Law
  • Business and Corporate Taxes: Taxes are imposed on corporations and companies operating within the jurisdiction of North Dakota at various slabs depending upon the profits made by these businesses. Business and corporate taxes are generally imposed depending on multiple factors such as profits made as well as assets and capital owned by firms. North Dakota exempts certain organizations such as charitable and religious institutions from these taxes. These slabs are capped at 1.4%, 3.51% and 4.30% depending on the size and profits of these businesses. The state of North Dakota is a moderately business-friendly state, with the state being ranked 17th based on tax climate index rankings.
 
  • Sales Tax: Sales tax in North Dakota is imposed on the sale of certain goods and services, with a flat general sales tax collected by the state, with variations based on the type of products and services. The average local sales tax rate is approximately 1.80%. North Dakota imposes a sales tax on the sale of gasoline, with taxes capped at 23 cents per gallon of gas; and 44 cents per pack of cigarettes sold. Additional charges are levied on top of the general state sales tax in individual counties and municipalities; such as 2.5% in Fargo, Valley City, Minot and Pembina; 2.25% in Grafton; 1.75% in Grand Forks; 1.5% in West Fargo, Dickinson and Williston; and 1.0% in Bismarck and Mandan. Per capita tax collection from sales tax amounts to $2129 and is some of the highest across the country.
North Dakota Income Tax Laws
  • Property Tax: Across the United States, state governments levy a property tax which is known as millage rate. Property taxes are collected on both land ownership as well as real estate. Besides, commercial property taxes are levied for property used for commercial establishments and factories, as well as for land used for agriculture and mining at differing rates. The most common form of property tax is collected for property and real estate used for housing. The property tax in North Dakota is 1.0% of the total value of the housing property. There are exemptions for property taxes for reserved lands for indigenous tribesmen. The state of North Dakota collects on average about $1222 as property tax per capita.

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