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ND HB1354

Bill

Official Source

Status

Introduced

1/15/2015

Primary Sponsor

Gary Paur

Click for details

Origin

House of Representatives

64th Legislative Assembly

AI Summary

  • Limits annual increases in true and full valuation for taxable agricultural property to no more than 10 percent from the previous taxable year's assessed and equalized value
  • Exempts properties that have ceased to be classified as agricultural property from the 10 percent cap
  • Exempts improvements made to property that were not included in the prior year's taxable valuation from the 10 percent limitation
  • Effective for taxable years beginning after December 31, 2014

Legislative Description

Limitation of increases in property assessments for property tax purposes; and to provide an effective date.

Last Action

Second reading, failed to pass, yeas 5 nays 87

2/4/2015

Committee Referrals

Finance and Taxation1/15/2015

Full Bill Text

No bill text available