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ND HB1071
Bill
Status
4/20/2011
Primary Sponsor
David Drovdal
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AI Summary
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Amends North Dakota Century Code section 57-02-01 to allow land assessed as agricultural property to retain that status when used for extraction of oil, natural gas, or subsurface minerals if the surface owner does not own the subsurface mineral rights.
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Requires that the remainder of the surface owner's parcel continues to qualify for agricultural property assessment under existing standards for the mineral extraction area to maintain agricultural property status.
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Maintains existing definition of "agricultural property" as platted or unplatted lands used for raising crops or grazing farm animals, with properties platted after March 30, 1981 losing agricultural status if four specified conditions exist.
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Effective for taxable years beginning after December 31, 2010.
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Passed with overwhelming bipartisan support: House vote 93-0-1 absent, Senate vote 47-0-0 absent.
Legislative Description
Retention of property tax status as agricultural property for property previously devoted to agricultural uses which is being used for mineral extraction and for which the surface owner owns none of the subsurface mineral rights; and to provide an effective date.
Last Action
Filed with Secretary Of State 04/19
4/21/2011