ND income tax revenue to drop over $100M because of Big Beautiful Bill
North Dakota is bracing for a $130 million drop in income tax revenue over the next two years, the result of federal changes tucked into the new One Big Beautiful Bill Act. The cuts extend Trump-era tax relief while adding new breaks on overtime pay and business expenses, leaving the state with 9-10% less from its income tax stream. Lawmakers say they’ll revisit the issue next session, but for now, many argue the money left in taxpayers’ pockets will cycle back through local economies.
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