SB2261

North Dakota SB2261 establishes a tax credit for businesses using prison industries labor for workforce development and mandates a study on these.

North Dakota SB2261 creates a tax credit for primary sector businesses that subcontract labor from prison industries for workforce development of inmates. The credit is ten percent of the cost incurred for purchasing components of final manufactured products. To claim the credit, businesses must provide specific documentation, including the name and federal identification number of the taxpayer, verification from the Department of Commerce, and a copy of the paid invoice. The credit is subject to a maximum of $45,000 per calendar year and can be carried forward if unused.