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ND HB1319
Bill
Status
1/3/2019
Primary Sponsor
Rick Becker
Click for details
AI Summary
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Sets a zero percent flat tax rate on corporate, individual, estate, and trust income in North Dakota, effective for taxable years beginning after December 31, 2018.
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Suspends all state income tax return filing requirements for any year in which the state tax rate is zero percent.
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Amends the marriage penalty credit to remain available under the new zero percent rate structure.
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Maintains existing tax adjustments and credits (including family care credits, Renaissance zone credits, agricultural business investments, and various other specified credits) for taxpayers under the zero percent rate system.
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Allows the tax commissioner to continue adjusting rate schedules and cost-of-living adjustments despite the zero percent rate implementation.
Legislative Description
Replacing the corporate, individual, estate, and trust income tax rate schedule with a flat income tax rate of zero percent; and to provide an effective date.
Last Action
Second reading, failed to pass, yeas 20 nays 72
2/14/2019