North Dakota Tax Commissioner Releases Updated Local Maximum Tax Refund Cap for Park River

The North Dakota State Tax Commissioner released an update to its previously released guidance on the maximum tax (refund cap) for the City of Park River in Walsh County. Where Park River previously imposed a $25/sale refund cap and a $50/sale refund cap on new farm machinery and equipment, the City has removed the $50/sale refund cap, leaving only the $25/sale refund cap. The guidance otherwise remains unchanged, in which the Commissioner summarizes tax rates, exemptions, maximum tax refunds, and rules for out-of-state sellers, marketplace facilitators, contractors, and tribal taxes effective Jan. 1. [N.D. State Tax Comm’n, Local Taxes By ...