ND HB1380

Creates a senior citizens property tax credit for individuals age 65 or older, allowing a reduction equal to the taxable valuation of their primary residence.

Credit applies to owner-occupied primary residences in North Dakota and continues if the owner is confined to a nursing home, hospital, or care facility and the residence is not rented to another individual.

Claimants must file a verified claim form with the county assessor by August 1st each year; eligibility is determined as of February 1st of that year.

County auditors must certify eligible claimants to the tax commissioner by April 1st; the tax commissioner certifies reimbursement amounts to the state treasurer by June 1st, and the state treasurer distributes funds to counties by June 25th.

Appropriates $330,000,000 from the general fund to the state treasurer for distribution to counties for the biennium beginning July 1, 2023, and ending June 30, 2025; credit is effective for taxable years beginning after December 31, 2022.