HB 1545 - FINANCIAL.PROPERTY TAX - Replace Property Tax with Income tax - 2019 - **FAILED SENATE**

Property Tax Credit Disabled Veterans

A BILL for an Act to create and enact a new section to chapter 57‑02 and a new section to chapter 57‑38 of the North Dakota Century Code, relating to a property tax credit for property used as a primary residence and a surtax on income; to amend and reenact subsection 1 of section 57‑02‑08.3, section 57‑02‑11.1, subsection 1 of section 57‑23‑06, and section 57‑55‑10 of the North Dakota Century Code, relating to the homestead tax credit for special assessments, townhouse property, abatement actions, and mobile home exemptions; to repeal subsection 20 of section 57‑02‑08, subsection 22 of section 57‑02‑08, subsection 26 of section 57‑02‑08, and sections 57‑02‑08.1, 57‑02-08.2, and 57‑02‑08.8 of the North Dakota Century Code, relating to the property tax exemption for disabled persons, the homestead tax credit, and the property tax credit for disabled veterans; to provide a penalty; and to provide an effective date.

This bill would...

• Remove current property tax law 
• Replace property tax revenue with income tax "sur-tax" for property owners
• Removes Disabled Veterans Property Tax Credit

HOUSE AMENDMENTS AND ACTIONS

• Deleted all verbiage of bill
• Replaced with Legislative Management study of replacing revenue from property tax with alternative funding source.
• Committee recommended DO PASS as amended 10-4-0 HJ 528
• PASSED HOUSE 66-24 HJ 631

SENATE AMENDMENTS AND ACTIONS

• Committee recommended DO NOT PASS 5-0-0 SJ 985

FISCAL NOTE: NONE

FAILED SENATE 7-39 SJ 1018