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ND SB2296
Bill
Status
1/22/2013
Primary Sponsor
Jessica Unruh Bell
Click for details
AI Summary
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Increases the valuation amount for disabled veterans property tax credit from $5,000 to $6,750 of taxable homestead valuation under North Dakota Century Code section 57-02-08.8
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Applies to disabled veterans with 50% or greater service-connected disability rating, veterans with extra-schedular ratings for individual unemployability totaling 100%, and unremarried surviving spouses of deceased disabled veterans
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For married couples where both are disabled veterans, their combined credits cannot exceed 100% of $6,750 in taxable valuation
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For disabled veterans who co-own homestead property with non-spouses, the credit is limited to their ownership percentage interest multiplied by $6,750 and their certified disability percentage
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Effective for taxable years beginning after December 31, 2012
Legislative Description
An increase in the amount of valuation covered by the disabled veterans credit; and to provide an effective date.
Last Action
Second reading, failed to pass, yeas 4 nays 43
2/13/2013