ND SB2313

Amends North Dakota individual income tax rates across all filing statuses by reducing rates in multiple tax brackets for single filers, married filing jointly, married filing separately, head of household, and estates/trusts.

Reduces the first tax bracket rate from 1.22% to a 0.00% rate for certain income ranges, with reductions also applied to subsequent brackets across all filing categories.

Adjusts the income bracket thresholds upward for most filing statuses to provide broader tax relief across income levels.

Effective for the first two taxable years beginning after December 31, 2014, after which the bill expires and prior tax rates are restored.

Maintains the tax commissioner's authority to adjust income bracket amounts annually for cost-of-living adjustments and permits an optional simplified tax computation method.