ND HB1371

Establishes a renter's income tax credit equal to five percent of the first $7,800 of rent paid during the taxable year for a primary residence in North Dakota.

Excludes dwellings in nursing homes, intermediate care facilities, long-term care facilities, subsidized housing, dormitories at higher education institutions, properties not subject to property taxes, and properties with non-arm's length landlord-tenant relationships.

Requires renters to provide verification of rent paid to the tax commissioner, which may include a statement from the lessor.

Limits the credit to one occupant per dwelling; multiple occupants must determine among themselves how to apportion the credit.

Effective for taxable years beginning after December 31, 2014.