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ND HB1239

Bill

Official Source

Status

Introduced

1/14/2013

Primary Sponsor

Ben Koppelman

Click for details

Origin

House of Representatives

63rd Legislative Assembly

AI Summary

  • Limits annual increases in taxable valuation on any parcel of taxable property to a maximum of three percent over the preceding taxable year's valuation.

  • Exempts property improvements made during the current year from the three percent cap if those improvements were not included in the previous year's taxable valuation.

  • Adds a new section to chapter 57-02 of the North Dakota Century Code.

  • Becomes effective for taxable years beginning after December 31, 2012.

Legislative Description

Limitation of increases in property assessments for property tax purposes; and to provide an effective date.

Last Action

Second reading, failed to pass, yeas 1 nays 85

2/28/2013

Committee Referrals

Finance and Taxation1/14/2013

Full Bill Text

No bill text available