ND SB2133

Reduces the coal conversion facilities privilege tax rate from 4.1% to 2% of gross receipts derived from the facility for the preceding month.

Establishes a carbon dioxide capture credit allowing facilities that achieve 20% capture of CO2 emissions to receive a 20% reduction in state general fund share of the tax, with additional 1% reductions for every 2 percentage points of additional capture up to a maximum 50% reduction.

Restricts the carbon dioxide capture credit to facilities that first achieve capture on or after January 1, 2017, with a 10-year credit period from first capture or eligibility date.

Requires coal conversion facilities receiving the CO2 capture credit to file annual reports with the legislative council including project overview, capture status data, system enhancements, and federal law benefits.

Effective for taxable periods beginning after June 30, 2017.