ND SB2230

Individuals who rent their primary residence in North Dakota are eligible for a state income tax credit based on a portion of annual rent deemed equivalent to property tax payments

Fifteen percent of annual rent (excluding federal subsidies and landlord-provided utilities, services, furniture, and appliances) qualifies for the credit, with a maximum credit of $900 per year

Only one credit is allowed per rental unit among spouses or dependents; unrelated roommates may each claim a proportional credit based on their share of rent paid

Credit does not apply to nursing homes or other living quarters exempt from property taxation unless the owner makes a payment in lieu of property taxes

Fraudulent claims result in cancellation of credits for the current and ensuing two taxable years, and the tax commissioner may recover improperly claimed credits

Act is effective for taxable years beginning after December 31, 2014