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ND HB1388
Bill
Status
1/16/2017
Primary Sponsor
Scott Louser
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AI Summary
HB 1388 Summary
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Modifies school state aid calculation methodology by changing baseline funding components to use 2016 figures instead of 2012-13 figures and adjusts per-pupil funding amounts to $9,646 for 2017-18 and $9,935 for 2018-19
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Requires school districts to transfer all remaining balances from miscellaneous, special reserve, and tuition funds to their general fund on July 1, 2017, and eliminates the ability to levy separately for these funds going forward
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Eliminates tax increment financing and renaissance zone property tax incentives for projects approved after January 1, 2017, and restricts new single-family residential property tax exemptions to taxable years before 2017
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Changes property tax statement requirements to remove "legislative tax relief" line item and instead requires reporting of actual tax levies for the current and two preceding years
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Repeals nine sections related to teacher retirement taxes, special reserve fund requirements, and state-paid property tax relief credits, effective for taxable years beginning after December 31, 2016
Legislative Description
Tax levies for teacher retirements, minimum local effort and taxable valuation considerations for purposes of determining school state aid payments, school district special reserve funds, and the state-paid property tax relief credit; and to provide an effective date.
Last Action
Second reading, failed to pass, yeas 29 nays 62
2/8/2017