Primary Residence Credit | Official Website
Primary Residence Credit | Official Website
Homeowners with properties held in a trust can now benefit from the Primary Residence Credit, following the introduction of SB 2201. This legislation extends eligibility to all trusts and is applicable retroactively for 2024 and moving forward.
According to the new guidelines, when applying for the credit, applicants should select "No" when asked if they applied for the credit in 2024. This will initiate a new application for 2025. Additionally, applicants must answer two questions related to their trust to confirm eligibility for both 2024 and 2025.
The deadline for applications is March 31, 2025. Interested parties can apply online at tax.nd.gov/prc.
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