ND SB2156

Prohibits angel funds from investing in real estate or real estate holding companies, and makes angel funds certified before January 1, 2013 that invested in real estate ineligible for recertification.

Creates a corporate income tax credit equal to 50 percent of contributions made by taxpayers during the taxable year for tuition scholarships for rural leadership North Dakota conducted through the North Dakota state university extension service.

Reduces corporate income tax rates: first $25,000 from 1.68% to 1.48%, income between $25,000-$50,000 from 4.23% to 3.73%, and income over $50,000 from 5.15% to 4.53%.

Reduces individual, estate, and trust income tax rates across all brackets, with the lowest rate decreasing from 1.51% to 1.22% and the highest marginal rate decreasing from 3.99% to 3.22%.

Effective for taxable years beginning after December 31, 2012.