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ND SB2126
Bill
Status
1/5/2011
Primary Sponsor
David Drovdal
Click for details
AI Summary
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Amends North Dakota Century Code section 57-02-08 to define "livestock" to include "nontraditional livestock" as defined in section 36-01-00.1.
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Defines "nonfarm income" as income derived from active employment only, excluding passive income sources.
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Excludes from nonfarm income definition: retirement accounts, social security payments, pensions or annuities, veterans' disability, military retirement payments, interest earnings on inheritances, and savings and investment accounts.
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Effective for taxable years beginning after December 31, 2010.
Legislative Description
The definition of nonfarm income for purposes of the farm residence property tax exemption; and to provide an effective date.
Last Action
Second reading, failed to pass, yeas 3 nays 41
1/17/2011