ND HB1168

Creates a legacy earnings fund that receives 7% of the five-year average legacy fund balance each odd-numbered year, with allocations prioritized as: up to $102.6 million for debt service, $225 million to the general fund for tax relief, $100 million for highway distribution, $121 million to the state tuition fund, and remaining amounts split between general fund (50%) and strategic investment fund (50%).

Reduces the school district general fund levy from 60 mills to 50 mills, with corresponding changes to state aid calculations and minimum local effort determinations for school funding.

Caps property tax levy increases for non-school taxing districts at 3% annually above the prior year's levy (with adjustments for new taxable property), unless voters approve a higher increase by 60% supermajority at a statewide election.

Adds a new 10-mill levy authority for school districts for educational services and a 12-mill miscellaneous fund levy, restructuring how school districts can levy taxes under the reduced 50-mill general fund cap.

Effective for taxable years beginning after December 31, 2024, for the property tax levy provisions; repeals existing legacy fund earnings provisions in sections 21-10-12 and 21-10-13.