HB1040 — AN ACT to create and enact a new section to chapter 57‑38 and a new subdivision to subsection 7 of section 57‑38‑30.3 of the North Dakota Century Code, relating to the provision of an income tax credit for purchases of manufacturing machinery and equipment to automate manufacturing processes; to provide an effective date; and to provide an expiration date.

HB1040 — AN ACT to create and enact a new section to chapter 57‑38 and a new subdivision to subsection 7 of section 57‑38‑30.3 of the North Dakota Century Code, relating to the provision of an income tax credit for purchases of manufacturing machinery and equipment to automate manufacturing processes; to provide an effective date; and to provide an expiration date. · Informed CitizenryHB1040 creates a nonrefundable income tax credit for primary sector businesses that purchase manufacturing machinery and equipment to automate manufacturing processes in North Dakota. The credit is…Open in Informed Citizenry