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ND HB1390

Bill

Official Source

Status

Introduced

1/13/2025

Primary Sponsor

Ben Koppelman

Click for details

Origin

House of Representatives

69th Legislative Assembly

AI Summary

  • Increases the primary residence credit from a flat $500 to a 70% reduction of property tax due on a taxpayer's primary residence
  • Repeals the existing homestead credit (section 57-02-08.1), disabled veterans' credit (section 57-02-08.8), and related abatement provisions (section 57-02-08.2)
  • Sets the income threshold at $70,000 for paraplegic disabled individuals seeking property tax exemptions on their homesteads
  • Expands eligibility for special assessment credits to individuals age 65 or older, or permanently and totally disabled, with income not exceeding $70,000, with a maximum credit of $6,000 adjusted annually for inflation
  • Effective for taxable years beginning after December 31, 2024, with certain provisions declared emergency measures effective June 1, 2025

Legislative Description

The homestead credit and disabled veterans' credit; to provide an effective date; and to declare an emergency.

Last Action

Second reading, failed to pass, yeas 28 nays 60

2/11/2025

Committee Referrals

Finance and Taxation1/13/2025

Full Bill Text

No bill text available