ND HB1247

Legislative management shall conduct a study during the 2023-24 interim on providing property tax exemptions for elevators, warehouses, and other farm structures classified as commercial property that are privately owned and used to store agricultural products.

Study scope includes examining the potential shift in property tax burden if the exemption were enacted, definitions of agricultural property and farm plant under North Dakota law, and impacts of abandoned elevators, potato warehouses, and other farm structures on political subdivisions.

Study must address costs to political subdivisions for refurbishment or removal of abandoned agricultural storage structures classified as commercial property.

Legislative management shall report findings, recommendations, and any required legislation to the sixty-ninth legislative assembly.

House passed 81-10 (3 absent); Senate passed 28-18 (1 absent).