Signed by Governor Kelly Armstrong

Vote Smart's Synopsis:

Vote to adopt a conference report that increases primary residence tax credits in North Dakota.

Highlights:

• Increases primary residence tax credits from $500 to $1,450 in North Dakota (Sec. 1-26).

• Requires annual property tax increases be capped at 3 percent annually (Sec. 1-26).

• Authorizes local governments to bank unused tax increases from the previous 5 years, and with the approval of voters exceed the cap for 4 years at a time (Sec. 1-26).

• Increases funding for the following 2 state relief programs, including (Sec. 1-26):

• The seniors and individuals with disabilities relief program; and 

• The renter's relief program.

• Specifies that the provisions of this bill shall declare an emergency and shall take effect for taxable years beginning December 31, 2024 (Sec. 27-28).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that increases primary residence tax credits in North Dakota.

Highlights:

• Increases primary residence tax credits from $500 to $1,450 in North Dakota (Sec. 1-26).

• Requires annual property tax increases be capped at 3 percent annually (Sec. 1-26).

• Authorizes local governments to bank unused tax increases from the previous 5 years, and with the approval of voters exceed the cap for 4 years at a time (Sec. 1-26).

• Increases funding for the following 2 state relief programs, including (Sec. 1-26):

• The seniors and individuals with disabilities relief program; and 

• The renter's relief program.

• Specifies that the provisions of this bill shall declare an emergency and shall take effect for taxable years beginning December 31, 2024 (Sec. 27-28).

Full Bill Text