ND SB2136

Increases the income threshold for homestead tax credit eligibility from $22,000 to $22,100 for persons age 65 or older or permanently and totally disabled.

Increases the maximum homestead tax reduction from $5,625 to $9,625 of taxable valuation for persons with income not exceeding $22,100.

Adds a new provision allowing eligible persons to receive pro rata (partial) exemptions if they submit required documents between February 1 and November 5 of the taxable year, calculated by months remaining in the year.

Appropriates $135,000,000 from the strategic investment and improvements fund to the tax commissioner for homestead tax credit reimbursements for the biennium from July 1, 2023, through June 30, 2025.

Effective for taxable years beginning after December 31, 2022.