ND HB1458

Adds a third tax component on wind facilities beginning production after December 31, 2020, equal to 50% of the federal production tax credit received under Internal Revenue Code Section 45.

Creates the grid reliability and resiliency fund in the state treasury, funded by revenue from the new supplemental wind tax, with moneys appropriated on a continuing basis to the Public Service Commission for grants.

Defines eligible grid reliability and resiliency resources as electric generating plants in North Dakota with essential energy and ancillary services capability and an onsite fuel supply of at least 30 days to operate during emergencies or disasters.

Distributes grid reliability grants proportionally to eligible resources based on kilowatt hours generated compared to total generation by all qualifying resources.

Effective for taxable years beginning after December 31, 2020, with revenue deposits directed to the general fund (33%), grid reliability fund (supplemental tax revenue), and the electric generation, transmission, and distribution tax fund (remaining revenue).