Loading chat...
ND HB1082
Bill
Status
4/9/2015
Primary Sponsor
George Keiser
Click for details
AI Summary
-
Exempts leasehold interests in state-owned property leased for pasture or grazing purposes from property taxation.
-
Exempts state lands upon which the state makes payments in lieu of property taxes from being taxed as property of the lessee.
-
Clarifies that property held under lease from the state, United States, or political subdivisions is not subject to taxation when used for pasture or grazing purposes or when the state makes payments in lieu of taxes.
-
Effective for taxable years beginning after December 31, 2014.
-
Passed House 88-3 with 3 absent; passed Senate 46-0 with 1 absent.
Legislative Description
Application of property taxes to the value or the leasehold interest in state lands leased for pasture or grazing purposes; and to provide an effective date.
Last Action
Signed by Governor 04/08
4/9/2015