ND HB1048

Extends the deadline for counties to fully implement soil type and soil classification data from detailed or general soil surveys in agricultural property tax assessments to February 1 of any taxable year after 2011, beginning with the first quarter of 2013.

Establishes the agricultural land valuation fund as a special fund in the state treasury to receive moneys withheld from non-compliant counties.

Directs the tax commissioner to withhold 5 percent of a non-compliant county's state aid distribution allocation each quarter and deposit the withheld amount into the agricultural land valuation fund.

Makes withheld funds available as a continuing appropriation to be returned to counties upon certification by the tax commissioner that the county has fully implemented soil survey data usage.

Requires that amounts withheld be deducted entirely from the portion retained by the county and may not reduce allocations to any political subdivisions within the county.