State Tax Guidelines Promote Business Growth

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.