Bill
Bill > HB1412
ND HB1412
ND HB1412An exemption from the coal conversion facilities tax, allocation of the coal conversion facilities privilege tax and the lignite research tax, and an exemption from the coal severance tax; to provide an effective date; and to provide an expiration date.
summary
Introduced
01/18/2021
01/18/2021
In Committee
04/12/2021
04/12/2021
Crossed Over
02/15/2021
02/15/2021
Passed
04/20/2021
04/20/2021
Dead
Signed/Enacted/Adopted
04/23/2021
04/23/2021
Introduced Session
67th Legislative Assembly
Bill Summary
AN ACT to create and enact a new section to chapter 57-60 of the North Dakota Century Code, relating to an exemption from the coal conversion facilities privilege tax and the imposition of a lignite research tax; to amend and reenact section 57-60-02, subsection 1 of section 57-60-14, and section 57-61-01 of the North Dakota Century Code, relating to an exemption from the coal conversion facilities tax, allocation of the coal conversion facilities privilege tax and the lignite research tax, and an exemption from the coal severance tax; to provide an effective date; and to provide an expiration date.
AI Summary
This bill creates an exemption from the coal conversion facilities privilege tax for coal conversion facilities, excluding electrical generating plants, and instead imposes a lignite research tax equal to 85% of the coal conversion facilities tax multiplied by 5%. It also exempts electrical generating plants from the generation tax and instead imposes a lignite research tax equal to the generation tax multiplied by 5%. The bill also amends provisions related to the allocation of coal conversion facilities tax revenue and the coal severance tax. The bill is effective for taxable production beginning after June 30, 2021, and expires on June 30, 2026.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Signed by Governor 04/22 (on 04/23/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.nd.gov/assembly/67-2021/bill-actions/ba1412.html |
| BillText | https://www.legis.nd.gov/assembly/67-2021/documents/21-0817-07000.pdf |
| BillText | https://www.legis.nd.gov/assembly/67-2021/documents/21-0817-06000.pdf |
| BillText | https://www.legis.nd.gov/assembly/67-2021/documents/21-0817-04000.pdf |
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