Get Renaissance Zone Project Application - North Dakota Department Of ...

Completing the Renaissance Zone Project Application is essential for obtaining approval for your project in North Dakota. This guide provides clear, step-by-step instructions to help you effectively fill out the application online, ensuring you include all necessary information.

Follow the steps to accurately complete the application process.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by selecting the type of project from the available options: Business, Residential, or Utility Infrastructure Project (UIP). If your project is a UIP, indicate whether it qualifies as a renaissance zone project.
3. Provide the name of the applicant(s) or the business name, and specify the type of entity. Ensure to include the address along with the renaissance zone block number as per the development plan property listings.
4. For residential projects, attach evidence that the home purchased is the taxpayer's primary residence.
5. Identify the project type. Options include Purchase (including new construction), Purchase with major improvements (for commercial projects), Lease (indicate the type of lease and any necessary details), and Rehabilitation. Fill in additional information as requested, especially for lease projects regarding relocation.
6. Describe any rehabilitation work planned, including the estimated costs and the type of property (commercial or residential).
7. Indicate if the project involves historical preservation or renovation. If yes, provide a description and ensure to attach the necessary approval letter from the Historical Society.
8. For projects not fitting previous categories, describe how the project benefits the community compared to the financial and tax benefits for the business or investor.
9. Indicate whether the project is funded by a Renaissance Fund Organization and provide relevant details, if applicable.
10. Estimate the state and local tax benefits for the taxpayer over five years. Break down the total state tax benefit, total property tax benefit, and any applicable non-participating owner tax credit.
11. Provide documentation of zone authority and city approval, including the date and any supporting documentation indicating formal approval.
12. Include evidence that the taxpayer is current on state taxes by obtaining a Certificate of Good Standing and attach it with your application.
13. Lastly, indicate the expected date of occupancy and ensure you add your signature and the date.
14. Once you’ve completed the form, save your changes, and you can choose to download, print, or share the form as needed.

Start filling out your Renaissance Zone Project Application online today to secure your project's funding and benefits.