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ND HB1275
Bill
Status
1/10/2011
Primary Sponsor
Ed Gruchalla
Click for details
AI Summary
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Creates three new income tax deductions for retirement benefits received by North Dakota residents, each allowing up to $5,000 in annual deductions.
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Provides $5,000 deduction for firefighters, police officers, and highway patrol officers receiving benefits from firefighters relief associations (chapters 18-05 and 18-11), police pension funds (chapter 40-45), or the highway patrolmen's retirement system (chapter 39-03.1).
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Provides $5,000 deduction for retired military personnel age 50 or older receiving pay for service in the National Guard, U.S. Army, Navy, Air Force, Coast Guard, Marine Corps, or their reserve components.
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Provides $5,000 deduction for retirement benefits paid by the U.S. federal government, U.S. territories, political subdivisions, District of Columbia, or government agencies, excluding retired military personnel pay already covered above.
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Effective for the first five taxable years beginning after December 31, 2011, then expires.
Legislative Description
An individual income tax deduction for a portion of retirement benefits for firefighters, police, highway patrol officers, military personnel, and government employees; to provide an effective date; and to provide an expiration date.
Last Action
Second reading, failed to pass, yeas 33 nays 61
2/15/2011