ND HB1167

Creates a new section to chapter 21-10 of the North Dakota Century Code defining "earnings" for purposes of section 26 of article X of the North Dakota Constitution

Defines "earnings" as net income calculated in accordance with generally accepted accounting principles

Explicitly excludes unrealized gains or losses from the definition of earnings

Passed the House 93-0 with 1 absent and the Senate 44-0 with 3 absent during the 2013 regular session