ND HB1050

Removes the microbusiness tax credit (section 57-38-01.27) from North Dakota's individual income tax credits effective for taxable years beginning after December 31, 2016.

Removes "microbusiness credit" from the list of economic development tax incentives subject to regular six-year review by the legislative management interim committee.

Renumbers remaining economic development tax incentives in the review list, moving workforce recruitment credit, soybean/canola crushing facility credit, manufacturing automation equipment credit, and subsequent items up one letter designation.

Updates subsection 7 of section 57-38-30.3 to remove the microbusiness tax credit from the list of allowable tax credits for individual income tax returns, renumbering remaining credits accordingly.

Passed by the House 93-0 and the Senate 44-1, effective for taxable years beginning after December 31, 2016.