North Dakota Administrative Code
Title 81 - Tax Commissioner
Article 81-03 - Income Taxes and Privilege Taxes Based on Income
Chapter 81-03-09.1 - Division of Income for Financial Institutions
Section 81-03-09.1-01 - Special rules - Financial institutions

Universal Citation: ND Admin Code ยง 81-03-09.1-01
Current through Supplement No. 394, October, 2024

Except as otherwise specifically provided, a financial institution whose business activity is taxable both within and without this state shall allocate and apportion its net income as provided in this chapter. The provisions of North Dakota Century Code chapter 57-38.1, including section 57-38.1-18, not inconsistent with this chapter, shall apply to the allocation and apportionment of the income of a financial institution. All items of nonbusiness income that are not includable in the apportionable income tax base must be allocated under North Dakota Century Code chapter 57-38.1.

General Authority: NDCC 57-38-56

Law Implemented: NDCC 57-38, 57-38.1, 57-38.1-18

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