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ND SB2329
Bill
Status
Passed
4/2/2015
Primary Sponsor
Tim Flakoll
Click for details
AI Summary
- Increases maximum renaissance zone size from 23 to 34 square blocks in cities with populations of 5,000 or fewer
- Allows larger cities to exceed 34 square blocks at a rate of one additional block per 5,000 population, with a maximum of 49 blocks
- Permits cities to withdraw completed renaissance zone blocks and replace them with new blocks meeting program requirements
- Increases aggregate tax credit limit for renaissance fund organization investments from $8.5 million to $10.5 million
- Makes tax credit provisions effective for taxable events occurring after December 31, 2014
Legislative Description
The size of a renaissance zone and renaissance zone tax exemptions; and to provide an effective date.
Last Action
Signed by Governor 03/30
4/2/2015
Committee Referrals
Finance and Taxation2/20/2015
Political Subdivisions1/22/2015
Full Bill Text
No bill text available