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ND HB1374
Bill
Status
2/11/2021
Primary Sponsor
James Kasper
Click for details
AI Summary
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Adds a new tax deduction to North Dakota Century Code section 57-38-30.3 for COVID-19 relief payments or benefits received from state or federal government, limited to amounts included in federal taxable income.
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Excludes unemployment compensation from state or federal programs from the deduction.
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Requires pass-through entities (partnerships, S-corporations, LLCs) to allocate the total deduction to partners, shareholders, or members proportionally based on their ownership interests.
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Defines "COVID-19" as severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2).
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Effective for taxable years beginning after December 31, 2020.
Legislative Description
An income tax deduction for COVID-19 relief benefits; and to provide an effective date.
Last Action
Second reading, failed to pass, yeas 4 nays 43
3/17/2021