North Dakota Administrative Code
Title 81 - Tax Commissioner
Article 81-10.1 - Financial Institutions Tax
Chapter 81-10.1-01 - General
Section 81-10.1-01-03 - Short period returns

Universal Citation: ND Admin Code ยง 81-10.1-01-03

Current through Supplement No. 394, October, 2024

1. A financial institution as defined in subdivisions a through j of subsection 2 of North Dakota Century Code section 57-35.3-01, which previously reported income under North Dakota Century Code chapter 57-38 on a fiscal year basis, and is now required to report under North Dakota Century Code chapter 57-35.3 on a calendar year basis, must file a short period return for the fiscal year beginning in 1997 and ending on December 31, 1997.

2. A financial institution as defined in subdivisions a through j of subsection 2 of North Dakota Century Code section 57-35.3-01 which:

a. Has not previously conducted business in North Dakota;

b. Reports its income on a fiscal year basis for federal income tax purposes; and

c. Is required to report under North Dakota Century Code chapter 57-35.3 on a calendar year basis;

must file a short period return for the first year in which the financial institution does business in North Dakota. The first short period return shall report the income from the date the financial institution started doing business in North Dakota to the end of the calendar year.

General Authority: NDCC 28-32-02

Law Implemented: NDCC 57-35.3-01, 57-35.3-03, 57-35.3-06

Disclaimer: These regulations may not be the most recent version. North Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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