ND HB1437

Caps home rule county sales, use, and excise tax rates at 0.5% for new taxes or extensions after June 30, 2011; existing taxes exceeding this rate may continue until their original approval period expires.

Caps home rule city sales, use, and excise tax rates at 1.5% for new taxes or extensions after June 30, 2011; existing taxes exceeding this rate may continue until their original approval period expires.

Reduces state sales tax rate from 5% to 4.5% on retail sales of tangible personal property, services, admissions, periodicals, hotel/motel rentals, and computers and software.

Reduces state use tax rate from 5% to 4.5% on storage, use, or consumption of tangible personal property purchased at retail or brought into the state.

Reduces motor vehicle excise tax rate from 5% to 4.5% and aircraft excise tax rate from 5% to 4.5% (with agricultural aircraft taxed at 3%); effective for taxable events after June 30, 2011.