Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.
| State or Territory: | Northern Mariana Islands |
| Effected Jurisdiction: | Northern Mariana Islands |
Jurisdiction type: | State or Territory |
| Fiscal year ending In: | 2017 |
| Program name: | Qualifiying Certificate (QC) Program |
| Program purpose: | General Economic Development |
| Statutory authority: | Public Law 12-32 and amended under Public Law 12-50 and Public Law 12-80 |
| Abating jurisdiction(s): | Territory of Northern Mariana Islands |
| Applicable taxes: | Gross Receipts Tax |
| Method of abatement: | Tax Abatement/Rebate |
| Provisions for recapture: | (none) |
| Gross revenue loss: | $2,207,044 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $2,207,044 |
| Type of loss: | Active |
| Additional notes on dislosure: | Qualified individuals and companies may be granted the following tax abatements: - up to 100% abatement of taxes of whatever nature, except taxes under NMTIT, paid or to be paid to the Government of the CNMI for a period of twenty-five (25) years. - up to 100% rebate of taxes of whatever nature, paid to the government of the CNMI for a period of twenty-five (25) years. |
| Document source: | https://www.opacnmi.com/oockuvoa/2020/08/CNMI-2017-FS-Final.pdf |
