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ND SB2265

Bill

Official Source

Status

Introduced

1/19/2015

Primary Sponsor

David O'Connell

Click for details

Origin

Senate

64th Legislative Assembly

AI Summary

  • Creates section 57-13-04.2 of the North Dakota Century Code to restrict state board of equalization disapproval of lakeside residential property valuations
  • Prohibits the state board from disapproving valuations in assessment districts where lakeside residential property assessments are between 65 and 100 percent of the value determined by sales ratio studies
  • Defines "lakeside residential property" as seasonal or year-round residential structures at or near a lake where at least 500 such structures exist
  • Effective for taxable years beginning after December 31, 2014

Legislative Description

Valuation approval for lakeside residential properties by the state board of equalization; and to provide an effective date.

Last Action

Second reading, failed to pass, yeas 3 nays 44

1/30/2015

Committee Referrals

Finance and Taxation1/19/2015

Full Bill Text

No bill text available