ND HB1487

Legislative management shall conduct a study during the 2019-20 interim on the homestead tax credit, which reduces property taxes for individuals age 65 or older or permanently and totally disabled individuals with income of $42,000 or less per year.

Study must examine whether income levels and asset thresholds should be modified or indexed, the credit's impact on property valuations, whether the age 65 qualification is appropriate given demographic changes, and whether current criteria effectively target those most in need.

Study must review historical claims data, estimate future claimants, and calculate estimated fiscal impact of potential changes to the credit.

Legislative management shall report findings, recommendations, and any required implementing legislation to the sixty-seventh legislative assembly.

House passed 92-0 (2 absent); Senate passed 46-0 (unanimous).