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ND SB2136
Bill
Status
Passed
3/20/2015
Primary Sponsor
Industry, Business and Labor Committee
Click for details
AI Summary
- Amends North Dakota Century Code section 54-60.1-05 to modify reporting requirements for business incentive recipients to state grantors
- Changes reporting deadline from March 1 annually to sixty days after the anniversary of the benefit date, with reports covering the previous twelve months instead of calendar year
- Recipients must file annual reports for at least two years after receiving the incentive or until goals are met, whichever is later, and continue reporting until incentive is repaid if goals are not met
- Warning letter must be mailed if report is not filed by the sixtieth day after benefit date anniversary; recipients face penalties of one hundred dollars per day if report not filed within fourteen days of warning letter, with maximum penalty capped at one thousand dollars
- Department of Commerce requested the bill; passed with unanimous Senate vote (47-0) and overwhelming House vote (90-0)
Legislative Description
Business incentive accountability reports.
Last Action
Signed by Governor 03/19
3/20/2015
Committee Referrals
Industry, Business, and Labor1/6/2015
Full Bill Text
No bill text available