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ND SB2212
Bill
Status
1/13/2015
Primary Sponsor
David Hogue
Click for details
AI Summary
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Amends North Dakota individual income tax rates by adding a 0.00% tax bracket for the lowest income levels across all filing statuses (single, married filing jointly, married filing separately, head of household, and estates/trusts)
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Introduces new tax schedules with income bracket thresholds that are modestly increased from current law while maintaining the same marginal tax rates for higher income brackets
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Applies tax exemption to lowest earners: $0-$36,250 (single), $0-$60,650 (married filing jointly), $0-$30,325 (married filing separately), $0-$48,600 (head of household), and $0-$2,450 (estates/trusts)
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Effective for the first two taxable years beginning after December 31, 2014, then automatically expires and becomes ineffective
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Maintains existing provisions for nonresidents, cost-of-living adjustments, and simplified tax computation methods
Legislative Description
An individual income tax rate reduction; to provide an effective date; and to provide an expiration date.
Last Action
Second reading, failed to pass, yeas 10 nays 36
2/19/2015