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ND HB1147
Bill
Status
1/8/2015
Primary Sponsor
Matthew Klein
Click for details
AI Summary
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Expands homestead property tax credit eligibility to include veterans age 60 or older, in addition to persons age 65 or older or permanently and totally disabled.
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Increases income thresholds for all six tiers of the homestead property tax credit by $5,000, raising the maximum income limit from $42,000 to $52,000.
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Increases asset limit for eligibility from $500,000 to $600,000, including assets divested within the last three years.
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Effective for taxable years beginning after December 31, 2014 for ad valorem property taxes and after December 31, 2015 for mobile home taxes.
Legislative Description
Eligibility for the homestead property tax credit for veterans sixty years of age or older and increased income and asset limits for eligibility for the homestead property tax credit; and to provide an effective date.
Last Action
Second reading, failed to pass, yeas 31 nays 61
2/19/2015