North Dakota Code 15-68-05 – Payments in lieu of taxation
Current as of: 2023 | Check for updates
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Net income from land and money in the trust must be used in part to pay to the county where the land is located the same amount that would have been assessed against the land for real property taxes if the land was privately owned.
Terms Used In North Dakota Code 15-68-05
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.