This bill amends the North Dakota Century Code to establish new tax compliance and reporting requirements for corporations, limited liability companies, and limited liability limited partnerships. A significant change is the requirement for these entities to either make a cash deposit or post a bond with the tax commissioner if their officers, governors, or managers opt out of personal liability for failing to file tax returns or pay taxes. The bond or cash deposit must equal the estimated annual tax liability of the entity, providing a financial guarantee for tax compliance. Additionally, the bill specifies that the bond must be executed by a surety company authorized to operate in North Dakota.

The bill also revises the penalty structure for failing to file information statements, increasing the maximum penalty from two thousand dollars to fifteen dollars for each failure to file. It allows the tax commissioner to grant extensions for filing reports related to aviation fuel for up to thirty days upon request and for good cause. Furthermore, the amendments clarify the due dates for these reports, ensuring they are considered timely if postmarked by the due date. Overall, the bill aims to streamline tax compliance processes and enhance accountability among business entities in North Dakota.

Statutes affected:
INTRODUCED: 57-28-15, 57-33.2-16, 57-33.2-16.1, 57-36-09.3, 57-36-09.4, 57-36-09.6, 57-38-60, 57-38-60.1, 57-38-60.2, 57-38-60.3, 57-39.2-15.2, 57-39.2-15.3, 57-39.2-18.1, 57-40.2-15.1, 57-40.2-15.2, 57-40.2-15.3, 57-43.1-16, 57-43.1-16.1, 57-43.1-17.2, 57-43.1-17.3, 57-43.1-17.5, 57-43.2-11, 57-43.2-11.1, 57-43.2-16.1, 57-43.2-16.2, 57-43.2-16.4, 57-43.3-14, 57-43.3-15, 57-43.3-20, 57-43.3-21, 57-43.3-21.1, 57-63-08
Enrollment: 57-28-15, 57-33.2-16, 57-33.2-16.1, 57-36-09.3, 57-36-09.4, 57-36-09.6, 57-38-60, 57-38-60.1, 57-38-60.2, 57-38-60.3, 57-39.2-15.2, 57-39.2-15.3, 57-39.2-18.1, 57-40.2-15.1, 57-40.2-15.2, 57-40.2-15.3, 57-43.1-16, 57-43.1-16.1, 57-43.1-17.2, 57-43.1-17.3, 57-43.1-17.5, 57-43.2-11, 57-43.2-11.1, 57-43.2-16.1, 57-43.2-16.2, 57-43.2-16.4, 57-43.3-14, 57-43.3-15, 57-43.3-20, 57-43.3-21, 57-43.3-21.1, 57-63-08
PREFILED: 57-28-15, 57-33.2-16, 57-33.2-16.1, 57-36-09.3, 57-36-09.4, 57-36-09.6, 57-38-60, 57-38-60.1, 57-38-60.2, 57-38-60.3, 57-39.2-15.2, 57-39.2-15.3, 57-39.2-18.1, 57-40.2-15.1, 57-40.2-15.2, 57-40.2-15.3, 57-43.1-16, 57-43.1-16.1, 57-43.1-17.2, 57-43.1-17.3, 57-43.1-17.5, 57-43.2-11, 57-43.2-11.1, 57-43.2-16.1, 57-43.2-16.2, 57-43.2-16.4, 57-43.3-14, 57-43.3-15, 57-43.3-20, 57-43.3-21, 57-43.3-21.1, 57-63-08