ND HB1476

Creates an individual income tax credit for selling or renting agricultural assets to beginning farmers at rates of 5% of sale price, 10% of gross rental income for cash rent, or 15% of cash equivalent for share rent agreements over three years.

Allows beginning farmers to claim a 100% tax credit for costs of participating in board-approved financial management programs for a maximum of three years.

Requires agricultural assets be rented at prevailing community rates determined by the board and limits credits to actual tax liability with 15-year carryforward for excess amounts.

Establishes the board's role to approve and certify beginning farmers and asset owners, maintain approved financial management programs, and provide assistance and referrals to qualified participants.

Effective for taxable years beginning after December 31, 2018.