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ND HB1317

Bill

Official Source

Status

Introduced

1/16/2017

Primary Sponsor

Vicky Steiner

Click for details

Origin

House of Representatives

65th Legislative Assembly

AI Summary

  • Creates a new section to chapter 54-27 of the North Dakota Century Code governing transfer of legacy fund earnings.
  • Requires the state treasurer to immediately transfer any legacy fund earnings that go to the general fund (per section 26 of article X of the North Dakota Constitution) to the tax relief fund.
  • Limits transfers to the tax relief fund so the balance does not exceed the total appropriations from the tax relief fund for the subsequent biennium as approved by the most recent legislative session.
  • Establishes legislative intent that legacy fund earnings be used for tax relief programs.

Legislative Description

A transfer of legacy fund earnings.

Last Action

Second reading, failed to pass, yeas 4 nays 87

2/9/2017

Committee Referrals

Appropriations1/16/2017

Full Bill Text

No bill text available