ND HB1330

Resident taxpayers receive a state income tax credit equal to 10 percent of their federal earned income credit claimed under Internal Revenue Code section 32.

Credit is applied against North Dakota income tax liability for the taxable year, with any excess amount refunded to the taxpayer.

Part-time resident taxpayers' credits are reduced by multiplying by a fraction of their federal adjusted gross income for the period of residence divided by federal adjusted gross income for the full taxable year.

Tax commissioner must provide information to the Department of Human Services about refundable credit expenditures, which may count toward temporary assistance for needy families block grant maintenance of effort requirements under federal law.

Act is effective for taxable years beginning after December 31, 2012.