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ND HCR3037

Concurrent Resolution

Official Source

Status

Introduced

2/24/2021

Primary Sponsor

Jeffery Magrum

Click for details

Origin

House of Representatives

67th Legislative Assembly

AI Summary

  • Direct Legislative Management to study the feasibility and desirability of using legacy fund earnings to provide a primary residence property tax credit
  • Consider replacing all or a portion of primary residence property tax revenue with state-funded alternative revenue sources
  • Reference estimated legacy fund earnings of $500,000,000 for the 2019-21 biennium as a potential funding source option
  • Require Legislative Management to report findings, recommendations, and any required implementing legislation to the Sixty-eighth Legislative Assembly

Legislative Description

A concurrent resolution directing the Legislative Management to consider studying the feasibility and desirability of using legacy fund earnings to provide a primary residence property tax credit.

Last Action

Second reading, failed to adopt yeas 42 nays 48

3/5/2021

Committee Referrals

Finance and Taxation2/24/2021

Full Bill Text

No bill text available