Another Property Tax Bill Gets Hearing
A proposed $1 billion property tax reform bill faced skepticism in the North Dakota House Finance & Taxation Committee on Monday. House Bill 1586 aims to offer up to a $5,000 tax credit on primary residences and change how local governments collect delinquent taxes. Supporters argue the bill could provide essential relief to homeowners, especially following the rejection of a radical tax elimination measure last November. However, committee members raised concerns about its economic impact and whether it adequately addresses the needs of local communities.
Jill Schramm with the Minot Daily News has the full story on HB 1586 which has several local sponsors. Bill details can be found below.
HB 1586
A BILL for an Act to create and enact a new section to chapter 32-31, a new section to chapter 57-20, and a new section to chapter 57-28 of the North Dakota Century Code, relating to eliminating foreclosure of tax liens for residential property and collection of delinquent real property and special assessment taxes; to amend and reenact sections 40-25-03, 57-02-08.9, 57-02-08.10, 57-20-26, and 57-22-22, subsection 1 of section 57-38.3-02, sections 57-45-12, 61-01-21, 61-09-15, 61-16.1-31, 61-24.8-40, and 61-35-87, relating to the primary residence credit, setoff of income tax refunds for payment of delinquent real property and special assessment taxes, and eliminating foreclosure of tax liens for primary residential property; to provide an effective date; to provide an expiration date; and to declare an emergency.
House Sponsors: VanWinkle (R, District 3), Brandenburg (R, District 28), Christianson (R, District 18), Dockter (R, District 7), Heilman (R, District 7), Henderson (R, District 15), Hendrix (R, District 10), Hoverson (R, District 3), Morton (R, District 46), Toman (R, District 34),
Senate Sponsors: Magrum (R, District 8), Paulson (R, District 3),
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