ND HB1221

Establishes a renter's income tax credit equal to five percent of the first $7,200 of annual rent paid for a primary residence in North Dakota.

Credit is limited to residential dwellings subject to property taxes and excludes nursing homes, intermediate care facilities, long-term care facilities, subsidized housing, dormitories, and properties owned by relatives or non-arm's length transactions.

Requires claimants to provide information to the tax commissioner for verification, which may include a statement from the lessor of rent paid during the taxable year.

Limits credit to one occupant per dwelling if multiple renters occupy the property, with occupants responsible for determining how to apportion the credit among themselves.

Effective for taxable years beginning after December 31, 2012.