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ND SB2387

Bill

Official Source

Status

Introduced

1/23/2023

Primary Sponsor

Larry Luick

Click for details

Origin

Senate

68th Legislative Assembly

AI Summary

  • Legislative management shall study the feasibility and desirability of implementing graduated property assessment for property tax reform during the 2023-24 interim.
  • Graduated assessment method would assess property at a base value with an annual rate of property valuation increase applied each year.
  • Study must evaluate potential benefits and challenges associated with the graduated property assessment approach.
  • Legislative management shall report findings, recommendations, and any necessary implementing legislation to the 69th Legislative Assembly.

Legislative Description

A BILL for an Act to provide for a legislative management study relating to property tax reform.

Last Action

Second reading, failed to pass, yeas 22 nays 25

2/17/2023

Committee Referrals

Finance and Taxation1/23/2023

Full Bill Text

No bill text available