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ND HB1412
Bill
Status
4/23/2021
Primary Sponsor
Jeff Delzer
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AI Summary
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Coal conversion facilities are exempted from 85% of the tax imposed under Section 57-60-02 and instead pay a lignite research tax equal to 85% of the normal tax multiplied by 5%.
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Electrical generating plants are exempted from the generation tax under Section 57-60-02 subsection 3 and instead pay a lignite research tax equal to that tax multiplied by 5%.
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Coal mine operators may receive partial or complete exemption from up to 70% of the severance tax (normally $0.375 per ton) for periods not extending past June 30, 2026, with revenues exceeding 30% allocated to the county.
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At least quarterly, the state treasurer must allocate coal conversion facility tax revenues with 15% to the county and 85% to the state general fund, and 5% of state general fund allocations directed to the lignite research fund.
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The act is effective for taxable production beginning after June 30, 2021 and expires on June 30, 2026.
Legislative Description
An exemption from the coal conversion facilities tax, allocation of the coal conversion facilities privilege tax and the lignite research tax, and an exemption from the coal severance tax; to provide an effective date; and to provide an expiration date.
Last Action
Signed by Governor 04/22
4/23/2021