ND SB2357

Creates a refundable income tax credit equal to 10 percent of property taxes or mobile home taxes paid on an individual's primary residence in North Dakota, with a maximum credit of $1,000 per year.

Defines "primary residence" as a dwelling owned and occupied as the individual's primary place of residence that is not exempt from property taxes as a farm residence, limited to one per individual.

Allows joint property owners to claim only one credit per parcel, with each owner receiving a percentage of the credit equal to their ownership interest in the property.

Requires the tax commissioner to issue refunds for credits exceeding the taxpayer's tax liability and to adopt rules for filing, verification, and refund issuance.

Effective for taxable years beginning after December 31, 2022.