HB 1220 Summary

• Creates a property tax relief royalty program entitling qualified taxpayers to an annual payment equal to 90 mills times the taxable valuation of their property in North Dakota.

• Requires county auditors to certify property owner information and taxable valuations to the state tax commissioner before March 1 each year.

• Taxpayers must file applications with the tax commissioner and provide proof of property tax payment; tax obligations must be paid in full or payable in installments and not delinquent to qualify.

• Tax commissioner must audit applications and issue payments to eligible taxpayers by June 1 each year; spouses and co-owners can claim only one royalty between them, divided according to ownership percentages.

• Appropriates $280,000,000 from the general fund for the 2013-2015 biennium to fund royalty payments, contingent on voter approval of a North Dakota constitutional amendment allowing direct payments to taxpayers.

• Repeals the existing mill levy reduction grant program (Chapter 57-64).