ND HB1045

Creates a new state-paid property tax relief credit equal to 10 percent of property taxes levied against residential homesteads, agricultural property, commercial property, and mobile homes, with eligibility requirements including ownership and occupancy thresholds for agricultural property owners.

Requires county treasurers to include a line item showing the state-paid property tax relief credit dollar amount on all real estate tax statements mailed by December 26 each year.

Modifies the 5 percent early payment discount for taxes paid by February 15 to apply after deduction of the state-paid property tax relief credit rather than before.

Directs the tax commissioner to determine total credits for each county from tax lists, certify amounts to the state treasurer by June 1, and handle supplemental corrections; requires county treasurers to distribute state payments to counties and taxing districts proportionally based on general real estate tax distribution.

Appropriates $200,000,000 from the general fund to the state treasurer for state-paid property tax relief credits for the biennium July 1, 2013 through June 30, 2015, effective for taxable years beginning after December 31, 2012.