ND HB1110

Amends subsection 28 of section 57-39.2-04 of the North Dakota Century Code to require retailers to separately indicate on invoices, contracts, lease agreements, or other supporting documents that they paid sales or use tax when leasing or renting tangible personal property.

Amends subsection 14 of section 57-40.2-04 of the North Dakota Century Code to require retailers to separately indicate on supporting sale documents that they paid sales or use tax on tangible personal property being leased or rented under the purchaser's election.

Makes tax exclusions for leasing and renting of tangible personal property contingent upon retailers providing clear documentation that sales or use tax was previously paid on the property.

Effective for all taxable events occurring after June 30, 2015.

Passed the House with 81 yeas and 1 nay; passed the Senate unanimously with 47 yeas.