Is a tax-exempt organization eligible for any property tax relief?
Generally, no. The property tax relief passed by the 2007 North Dakota Legislature is provided in the form of two income tax credits: one for individuals and the other for any taxpayer owning commercial property. While a tax-exempt organization having commercial property could qualify for the commercial property income tax credit, the credit will not be beneficial unless the organization has unrelated business taxable income (UBTI) that is subject to North Dakota income tax, requiring it to file a North Dakota income tax return.
Related Questions
- What is EPA policy regarding whether an organization that previously received funding for a particular project is eligible to apply for funding under this RFP for the same project?
- How can I determine if a particular organization is tax-exempt and eligible to receive tax-deductible contributions?
- Is a tax-exempt organization eligible for any property tax relief?
