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ND HB1287
Bill
Status
1/13/2015
Primary Sponsor
Jerome Kelsh
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AI Summary
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Amends section 57-20-07.2 to maintain the state-paid property tax relief credit at a percentage of property taxes levied, applicable to owners of taxable property, railroad property, public utility property, and air carrier transportation company property.
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Modifies section 57-39.2-26.1 to allocate one-half of state aid distribution fund revenues to counties and cities based on population, and dedicates the other one-half specifically for property tax relief allocations beginning in 2016.
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Requires the state treasurer to determine by October 31 of each year the amount available for property tax relief allocation and obtain from the tax commissioner the percentage of property tax relief to be provided under section 57-20-07.2.
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Establishes continuing appropriations for revenues deposited in the state aid distribution fund, with allocations distributed quarterly to counties and cities in the first month after each quarterly period.
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Effective date for Section 2 is set for taxable events occurring after June 30, 2015.
Legislative Description
Increased allocation of sales, gross receipts, use, and motor vehicle excise tax collections to the state aid distribution fund to provide increased allocations to political subdivisions and to provide for separate allocations of property tax relief; to provide continuing appropriations; and to provide an effective date.
Last Action
Second reading, failed to pass, yeas 24 nays 69
2/16/2015