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ND SB2252
Bill
Status
1/19/2011
Primary Sponsor
Lois Delmore
Click for details
AI Summary
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Creates a renter's income tax credit equal to 3 percent of the first $7,200 of annual rent paid for a primary residence in North Dakota.
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Requires renters to provide verification of rent paid, including a statement from the landlord showing the amount of rent paid during the taxable year.
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Excludes dwellings in nursing homes, intermediate care facilities, long-term care facilities, subsidized housing, dormitories at higher education institutions, and non-arm's length landlord-tenant arrangements from the credit.
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Limits the credit to one occupant per dwelling; occupants are responsible for determining how to apportion the credit among themselves.
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Effective for the first five taxable years beginning after December 31, 2010, and expires thereafter.
Legislative Description
An income tax credit for renters of residential property; to provide an effective date; and to provide an expiration date.
Last Action
Second reading, failed to pass, yeas 16 nays 30
2/4/2011