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ND HB1511
Bill
Status
4/10/2023
Primary Sponsor
Anna Novak
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AI Summary
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Exempts sales and use taxes on tangible personal property incorporated into the structure of or used in constructing or expanding coal processing facilities that extract critical minerals, rare earth elements, or create other products from lignite coal.
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Requires facility owners to obtain a certificate from the tax commissioner before purchasing materials qualifying for the exemption.
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Exempts the first one million tons (907,184.74 metric tons) of coal per year from severance tax when used as feedstock by qualifying coal processing facilities.
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Requires facility operators to certify to coal mine owners the amount of coal purchased and used as feedstock, with coal resold or used outside the facility remaining subject to severance tax.
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Effective for taxable events occurring after June 30, 2023.
Legislative Description
Evaluation of economic development tax incentives, a sales and use tax exemption for materials used to construct or expand a coal processing facility that utilizes coal as a feedstock, and severance and sales and use tax exemptions for coal used in a coal processing facility that utilizes coal as a feedstock; and to provide an effective date.
Last Action
Filed with Secretary Of State 04/10
4/13/2023