Statutes, codes, and regulations
North Dakota Century Code
Title 57 - TAXATION
Chapter 57-38.1 - UNIFORM DIVISION OF INCOME TAX ACT
Section 57-38.1-11 - Property owned and rented

N.D. Cent. Code § 57-38.1-11

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Current through 2024 Legislative Session
Section 57-38.1-11 - Property owned and rented

Property owned by the taxpayer is valued at its original cost. Property rented by the taxpayer is valued at eight times the net annual rental rate. Net annual rental rate is the annual rental rate paid by the taxpayer less any annual rental rate received by the taxpayer from subrentals.

N.D.C.C. § 57-38.1-11