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ND HCR3026

Concurrent Resolution

Official Source

Status

Passed

3/12/2021

Primary Sponsor

Todd Porter

Click for details

Origin

House of Representatives

67th Legislative Assembly

AI Summary

  • Urges Congress and the President to maintain the current federal estate and gift tax exemption without reduction and refrain from raising income taxes
  • Establishes that the 2020 federal estate and gift tax exemption is $11,580,000 per individual, allowing individuals to transfer assets to heirs without federal estate or gift tax
  • Asserts that current exemption levels and lower income taxes enable agricultural producers and large asset holders to pass wealth to heirs without substantial tax burdens
  • Directs the North Dakota Secretary of State to send copies of this resolution to the President, Congressional leaders, and all members of the North Dakota Congressional Delegation

Legislative Description

A concurrent resolution urging Congress and the President of the United States to protect agricultural producers and other large asset holders in the state by refraining from changing the federal estate and gift tax exemption and from raising income taxes.

Last Action

Filed with Secretary Of State 03/12

3/12/2021

Committee Referrals

Finance and Taxation1/28/2021

Full Bill Text

No bill text available