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ND HB1213
Bill
Status
Passed
4/19/2013
Primary Sponsor
Curtiss Kreun
Click for details
AI Summary
- Housing authority property used for low-income housing, administration, or other purposes to conduct granted powers is exempt from all state and political subdivision taxes and special assessments
- Housing authorities created under Indian laws recognized by the federal government receive the same tax exemption status as other housing authorities
- Housing authorities may make payments in lieu of taxes to the state or political subdivisions for improvements, services, and facilities, not to exceed the estimated cost of such improvements and services
- Property used for moderate income housing by an authority is exempt from all taxes except special assessments, unless the political subdivision specifically exempts it from special assessments
- The act is effective for taxable years beginning after December 31, 2012
Legislative Description
The real property tax exemption status of a housing authority; and to provide an effective date.
Last Action
Signed by Governor 04/18
4/19/2013
Committee Referrals
Finance and Taxation2/25/2013
Political Subdivisions1/14/2013
Full Bill Text
No bill text available