ND HB1137

Increases the income tax credit cap from 20% to 50% of a taxpayer's total income tax liability for charitable contributions to nonprofit private higher education institutions in North Dakota or the North Dakota independent college fund.

Increases the income tax credit cap from 20% to 50% of a taxpayer's total income tax liability for charitable contributions directly to nonprofit private secondary and primary education institutions located in North Dakota.

Maintains the maximum credit limit of $2,500 per year for each category of eligible charitable contributions.

Allows passthrough entities (partnerships, S-corporations, LLCs) to claim credits at the entity level and pass the credit through to partners, shareholders, or members proportionally.

Effective for taxable years beginning after December 31, 2020.