ND HB1046

Allows municipalities to revoke or reduce property tax exemptions and revoke or increase payments in lieu of taxes by governing body motion before the beginning of a taxable year if previously approved exemptions or payment options exist.

Permits revocation or reduction if project operator provided inaccurate information during negotiations, property use does not comply with reasonable expectations, property improvements substantially exceed anticipated levels, or ownership has changed.

Municipalities must include nonvoting ex officio representatives from affected school districts and township supervisors during negotiation and deliberation of tax exemptions or payments in lieu of taxes.

Maintains existing provisions that tax exemptions cannot exceed 5 years, agricultural commodity projects may receive extensions through year 10, and payments in lieu of taxes may not extend beyond 20 years from commencement of operations.

Effective for taxable years beginning after December 31, 2013, regardless of when the original property tax exemption or payment option was approved.