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ND SB2269
Bill
Status
Introduced
1/19/2011
Primary Sponsor
Rich Wardner
Click for details
AI Summary
- Establishes a state income tax credit equal to 15 percent of the federal education credit claimed on Form 8863 for taxpayers or their dependents attending North Dakota colleges or universities
- Requires the federal credit amount to be multiplied by a percentage calculated by dividing the taxpayer's North Dakota taxable income by their federal taxable income before applying the 15 percent credit
- Credit applies against tax liability determined under section 57-38-30.3 of the North Dakota Century Code
- Effective for taxable years beginning after December 31, 2010
Legislative Description
An income tax credit for a portion of higher education expenses; and to provide an effective date.
Last Action
Second reading, failed to pass, yeas 13 nays 34
2/10/2011
Committee Referrals
Finance and Taxation1/19/2011
Full Bill Text
No bill text available