A tax is hereby imposed upon the taxable income of every domestic and foreign corporation which must be levied, collected, and paid annually as in this chapter provided: 1. For the first twenty -five thousand dollars of taxable income, at the rate of one and forty-one hundredths percent. 2. On all taxable income exceeding twenty -five thousand dollars and not exceeding fifty thousand dollars, at the rate of three and fifty-five hundredths percent. 3. On all taxable income exceeding fifty thousand dollars, at the rate of four and thirty-one hundredths percent.
‹ Prev All North Dakota sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.