ND SB2301

Amends North Dakota's homestead tax credit for residents age 65+ or permanently disabled by changing income eligibility thresholds from fixed dollar amounts to percentages of federal poverty guidelines

For 100% property tax reduction: income limit changes from $40,000 to 325% of federal poverty guidelines, with maximum taxable valuation reduction increasing from $9,000 to $13,500

For 50% property tax reduction: income limit changes from $40,000-$70,000 to 325%-600% of federal poverty guidelines, with maximum taxable valuation reduction increasing from $4,500 to $6,750

Federal poverty guidelines are based on household size (capped at two persons) from the year preceding the taxable year

Effective for taxable years beginning after December 31, 2024