Major property tax bill clears committee with flexibility on caps
House Bill 1176, which proposes a nearly $500 million plan to increase the property tax credit for homeowners and cap local governments’ tax increases at 3%, has cleared its first committee vote. Initially set to increase the tax credit to $1,550, the amended bill brings it down slightly to $1,450. While it has drawn some opposition, particularly concerning its impact on local revenue, the legislation continues to move forward in the statehouse.
Mary Steurer with the North Dakota Monitor has the full story.
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