ND HB1344

Creates a sales tax equity fund receiving 2.5% of allocable sales, gross receipts, use, and motor vehicle excise tax collections, with 53.7% allocated to counties and 46.3% to cities quarterly.

Allocates county funds by dividing the 17 most populous counties (64% of funds) and remaining counties (36% of funds), with each group receiving equal portions plus population-based distributions.

Allocates 7.5% of additional allocable revenue to cities based on taxable sales brackets: 33.3% to cities with $100 million to $1 billion in taxable sales, and remainder to cities with $1 billion or more.

Defines "allocable revenue" as one percent divided by the general sales tax rate in effect when taxes were collected, multiplied by net tax collections under specified chapters.

Effective for tax collections received by the tax commissioner after June 30, 2015, with revenues provided as standing and continuing appropriations deposited directly into county and city general funds.