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ND HB1402
Bill
Status
Introduced
1/17/2011
Primary Sponsor
Corey Mock
Click for details
AI Summary
- Creates a new income tax deduction for lower-income individuals under North Dakota Century Code section 57-38-30.3
- Provides a deduction of $40,000 for individual filers or $50,000 for joint filers
- Reduces the deduction by $2 for each dollar of taxable income exceeding the $40,000/$50,000 threshold, phasing out the benefit for higher earners
- Multiplies the reduction by a percentage determined under subdivision f of subsection 1 of section 57-38-30.3
- Effective for taxable years beginning after December 31, 2010
Legislative Description
An individual income tax deduction for lower-income individuals; and to provide an effective date.
Last Action
Second reading, failed to pass, yeas 35 nays 59
2/15/2011
Committee Referrals
Finance and Taxation1/17/2011
Full Bill Text
No bill text available