ND HB1167

Amends North Dakota individual income tax rates in section 57-38-30.3 of the Century Code, establishing new tax brackets and rates for single filers, married filing jointly, married filing separately, head of household, and estates/trusts.

Sets lowest tax rate at 1.220% for income up to $36,250 (single) or $60,650 (married filing jointly), with graduated rates increasing to 3.22% for income above $398,350.

Authorizes the tax commissioner to annually adjust income bracket thresholds based on federal cost-of-living adjustments while maintaining the same tax rates for each bracket.

Effective for taxable years beginning after December 31, 2014, but becomes ineffective if a horizontal well exemption under section 57-51.1-03 was effective during the first nine months of the preceding taxable year.

For years when the amendment is ineffective, the previous tax rates apply without the amendments made by this bill.