Loading chat...

ND SCR4024

Concurrent Resolution

Official Source

Status

Introduced

2/24/2015

Primary Sponsor

Mac Schneider

Click for details

Origin

Senate

64th Legislative Assembly

AI Summary

  • Directs the Legislative Management to study North Dakota's vulnerability to tax collections volatility and identify mitigation strategies
  • Notes that North Dakota has the fourth highest degree of tax collection volatility among the fifty states according to the Pew Charitable Trusts
  • Identifies state budget reliance on energy tax revenues as an increasing concern
  • Authorizes study of feasibility to consolidate existing funds or create new mechanisms to buffer against tax collection declines and budget impacts
  • Requires Legislative Management to report findings, recommendations, and any necessary legislation to the Sixty-fifth Legislative Assembly

Legislative Description

A concurrent resolution directing the Legislative Management to study the degree of tax collections volatility to which this state may be vulnerable and the feasibility of combining existing funds or creating mechanisms to mitigate potential volatility of tax collections and state budget impact.

Last Action

Second reading, failed to adopt

3/13/2015

Committee Referrals

Finance and Taxation2/24/2015

Full Bill Text

No bill text available