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ND SB2371

Bill

Status

Introduced

1/28/2013

Primary Sponsor

Jim Dotzenrod

Click for details

Origin

Senate

63rd Legislative Assembly

AI Summary

  • Amends section 57-02-08.3 of the North Dakota Century Code to modify the homestead credit for special assessments available to persons who have qualified for the property tax credit under section 57-02-08.1
  • Limits total credits allowed for any one property to $6,000 excluding interest, requires claims to be filed with county auditor by February 1st of the year the special assessment installment becomes payable
  • Removes lien provisions for credits allowed for taxable years 2013 and later, while maintaining 9 percent annual interest liens for credits allowed before 2013
  • Requires county auditors to certify credits allowed to the state tax commissioner by March 1st annually, with state treasurer to reimburse counties by June 1st for the preceding year's credits
  • Effective for taxable years beginning after December 31, 2012

Legislative Description

The homestead credit for special assessments; and to provide an effective date.

Last Action

Second reading, failed to pass, yeas 15 nays 31

2/22/2013

Committee Referrals

Finance and Taxation1/28/2013

Full Bill Text

No bill text available