ND SB2334

Removes the June 30, 2023 deadline for fertilizer or chemical processing plant owners to obtain an air quality permit from the department of environmental quality to qualify for a sales tax exemption.

Creates a large facility development fund in the state treasury receiving a portion of sales, gross receipts, and use tax collections to provide distributions to eligible counties or cities.

Distributes one percent of up to $2 billion in estimated tangible property costs (eligible for tax exemption under the fertilizer plant exemption) to a county or city within 30 days after construction begins, if the county or city levies a local sales tax for infrastructure, public safety, or economic development.

Limits distributions to new fertilizer or chemical processing plants with estimated total costs of at least $1 billion that begin construction after July 1, 2023, and are located in counties with a hub city that received at least $30 million in oil and gas gross production tax revenue allocations from September 1, 2021 through August 31, 2022.

Requires counties or cities receiving distributions to report to legislative management on funding use with itemized spending details; sections 2 and 3 expire June 30, 2027.