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ND HB1153
Bill
Status
1/3/2019
Primary Sponsor
Michael Brandenburg
Click for details
AI Summary
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Adds a new subsection to section 57-02-08 of the North Dakota Century Code establishing a 50 percent property tax exemption on the true and full value of commercial property housing a grain elevator used for personal use.
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Defines "personal use" as storing grain produced by the grain elevator owner or an individual related to the owner by blood or marriage.
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Excludes from the exemption any grain elevator used to store grain produced by individuals other than the owner or the owner's relatives.
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Effective for taxable years beginning after December 31, 2018.
Legislative Description
A partial property tax exemption for grain elevator property used for personal use; and to provide an effective date.
Last Action
Second reading, failed to pass, yeas 12 nays 77
1/28/2019