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ND SB2290
Bill
Status
1/21/2013
Primary Sponsor
Jim Dotzenrod
Click for details
AI Summary
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Individuals receive a property tax reduction on their primary residence equal to the lesser of $1,125 or 50 percent of the taxable valuation.
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Applicants must file a verified claim form with the county assessor by March 1st for the reduction to apply, based on residency status as of February 1st.
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Reduction is forfeited if an applicant claims it for more than one primary residence in the same year; all reductions for that year and the following two years must be canceled.
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County auditors must certify reduction information to the state tax commissioner by April 1st; the tax commissioner then reimburses counties by June 1st based on the reduction amount multiplied by applicable tax mill rates.
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Act is effective for taxable years beginning after December 31, 2012.
Legislative Description
Provision of property tax relief through a residential property tax reduction; and to provide an effective date.
Last Action
Second reading, failed to pass, yeas 14 nays 32
2/22/2013