18 Dec North Dakota Department of Commerce Opens 2023 Automation Tax Credit Program
The North Dakota Department of Commerce announced on Dec. 6 that the application program is now open for primary sector businesses wishing to utilize the Automation Tax Credit for automation equipment purchases made during the 2023 calendar year. Applicants are required to submit applications by Jan. 31 but are encouraged to begin preparing applications early.
Under the Automation Tax Credit program (N.D.C.C. § 57-38-01.41), certified primary sector businesses stand to benefit from a tax credit of up to 15% for the acquisition or capital lease of machinery and equipment designed to automate manufacturing or animal agricultural processes within North Dakota. Should applicants require clarification on their primary sector certification status, assistance is available via email at ndedf@nd.gov.
To be eligible, applicants must have taken ownership of the automation equipment during the 2023 calendar year. Additionally, businesses applying must have held primary sector certification both at the time of purchase and throughout the application process.