State Tax Guidelines Promote Business Growth
28 Apr 2023
The first five years are crucial for any business to build a solid foundation. North Dakota’s tax exemptions for new, primary sector businesses are termed at five years and ongoing:
- Corporate income tax exemption to primary sector business corporations for the first five years
- Sales and use tax exemption for new or expanding businesses purchasing machinery or equipment
- No property tax on inventory or accounts receivable
Tax exemptions immediately turn into thousands of dollars saved in operating costs, paired with local resources makes Beulah a beneficial fit for new and expanding businesses.
Locally, the city of Beulah has several institutions available to help Beulah businesses. Learn more about Beulah’s assistance here.