HB 1409 Summary

• Eliminates North Dakota's individual income tax, corporate income tax, and financial institutions tax effective for taxable years beginning after December 31, 2010.

• Repeals chapters 57-35.3, 57-38, 57-38.1, 57-38.3, 57-38.4, 57-38.5, and 57-38.6 of the North Dakota Century Code, which contain all income tax provisions.

• Removes references to income tax deductions and credits throughout state law, including provisions related to higher education savings plans, nonprofit development corporations, and renaissance zones.

• Updates various statutes to remove income tax liability language while maintaining tax exemptions for veterans' payments, farm structures, and renewable energy systems.

• Retains state income tax withholding procedures for unemployment compensation benefits and requires verification of income information in state assistance applications through alternative means.