ND HB1211

Increases income limits for homestead property tax credit eligibility for seniors (age 65+) and permanently disabled persons, raising thresholds from $22,000-$42,000 to $29,000-$96,000 across six income brackets.

Adjusts maximum tax reduction amounts for each income bracket, with the highest bracket increasing from $593 to $963 in maximum reduction of taxable valuation.

Implements annual automatic adjustment of income limitations beginning January 1 each year based on the consumer price index for the Midwest region.

Adds asset limit eligibility requirement, making applicants ineligible if their assets and their dependents' assets exceed $500,000, including assets divested within the last three years.

Takes effect for taxable years beginning after December 31, 2022.