ND HB1372

Adds a new fourth tax component on wind generators equal to 10% of production tax credits received under Section 45 of the Internal Revenue Code for electricity produced from wind resources in North Dakota.

Deposits 40% of revenue from the new megawatt-hour tax (subdivision c) and all revenue from the production tax credit tax (subdivision d) to the general fund, with remaining revenue going to the electric generation, transmission, and distribution tax fund.

Allocates revenue from the new megawatt-hour tax and production tax credit tax from wind farms to counties and taxing districts based on proportionate wind generation capacity within each county or district.

Wind turbines constructed after December 31, 2014, or reaching 20 years from first assessment are subject to taxes in lieu of property taxes under section 57-33.2-04.

Effective for taxable years beginning after December 31, 2016.