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ND HB1349
Bill
Status
1/16/2017
Primary Sponsor
Dick Anderson
Click for details
AI Summary
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Adds a new subdivision to North Dakota Century Code section 57-38-01.3 subsection 1 allowing a deduction equal to depreciation on pipeline leak protection, detection, and monitoring equipment using modified accelerated cost recovery system (MACRS) depreciation method.
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Adds a new subdivision to North Dakota Century Code section 57-38-30.3 subsection 2 with identical deduction language for pipeline leak protection, detection, and monitoring equipment depreciation using MACRS method.
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Effective for taxable years beginning after December 31, 2016.
Legislative Description
A deduction for pipeline leak detection equipment depreciation expenses; and to provide an effective date.
Last Action
Second reading, failed to pass, yeas 14 nays 80
1/30/2017