Medium
A primary sector or tourism business may qualify for an income tax exemption for up to five years.
Medium
Qualifications
An individual may be eligible for an income tax credit for premiums paid on a partnership plan long-term care insurance policy that covers the individual, the individual’s spouse, or both.
A partnership plan policy is a special type of long-term care insurance policy that meets specific consumer protection and federal income tax law requirements, is recognized by North Dakota for Medicaid benefit purposes, and provides the proper inflation protection based on the insured individual’s age at time of purchase.
Credit Amounts
The credit is equal to the premiums paid during the tax year, up to a maximum credit of $250 per qualified individual.
Application Process
Not Applicable
How to Claim
If you're filing as a/an: | Claim the credit on: |
| Individual or Sole Proprietor | Schedule ND-1TC, Tax Credits |
| C Corporation | Not Applicable |
| S Corporation | Not Applicable |
| Partnership | Not Applicable |
| Fiduciary | Not Applicable |