Statutes, codes, and regulations
North Dakota Century Code
Title 57 - TAXATION
Chapter 57-38 - INCOME TAX
Section 57-38-01.14 - No gain recognized on property subject to eminent domain sale or transfer

N.D. Cent. Code § 57-38-01.14

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Current through the 2023 Legislative Sessions
Section 57-38-01.14 - No gain recognized on property subject to eminent domain sale or transfer

If any private property, through the exercise of eminent domain, is involuntarily converted into property of either like or unlike kind, no gain, either ordinary or capital, may be recognized for corporate income tax purposes.

N.D.C.C. § 57-38-01.14