81-03-03.2-02. New jobs credit from withholding.

Except as provided in section 81-03-03.2-03, the new jobs credit from withholding is the total amount of income tax the employer actually withholds pursuant to North Dakota Century Code section 57-38-59 from the wages paid to all individuals employed in a new job during the taxable period. The new jobs credit from withholding does not reduce the amount an employer must pay pursuant to North Dakota Century Code section 57-38-60.

History: Effective September 1, 1994.

General Authority: NDCC 52-02.1, 57-38-56

Law Implemented: NDCC 52-02.1