ND HB1512

Amends the homestead tax credit schedule in North Dakota Century Code section 57-02-08.1 to adjust income thresholds and tax reduction percentages across six income brackets.

Raises the first income threshold from $22,000 to $26,000 for taxpayers receiving 100% reduction on taxable homestead valuation, with maximum reduction increased to $6,500.

Creates new income bracket for $22,000-$26,000 earners receiving 80% reduction with maximum $4,500 reduction on taxable valuation.

Increases tax reduction percentages for higher income brackets: from 60% to 75% for the $26,000-$34,000 bracket and from 10% to 25% for the $38,000-$42,000 bracket, with adjusted maximum reductions.

Effective for taxable years beginning after December 31, 2018.