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ND SB2154

ND SB2154
The definition of primary sector business.


summary

Introduced
01/07/2025
In Committee
03/07/2025
Crossed Over
01/23/2025
Passed
03/14/2025
Dead
Signed/Enacted/Adopted
03/18/2025

Introduced Session

69th Legislative Assembly

Bill Summary

AN ACT to amend and reenact subsection 13 of section 1-01-49, subsection 4 of section 10-30.5-01, and section 40-57.1-02 of the North Dakota Century Code, relating to the definition of primary sector business.

AI Summary

This bill amends the North Dakota Century Code to update the definition of "primary sector business" by explicitly including tourism operations that create new wealth by attracting out-of-state visitors. The changes clarify that a primary sector business is an entity certified by the Department of Commerce's economic development division that adds value to a product, process, or service, resulting in the creation of new wealth. New wealth is defined as revenues generated by selling products or services to customers outside the state or to in-state customers for products or services previously unavailable or difficult to obtain locally. The bill removes separate references to tourism as a distinct category and integrates tourism operations into the primary sector business definition, while maintaining the exclusion of production agriculture from this classification. These modifications aim to provide a more comprehensive and flexible definition of businesses that contribute to the state's economic development by bringing in new revenue and creating economic value.

Committee Categories

Business and Industry, Government Affairs

Sponsors (6)

Last Action

Filed with Secretary Of State 03/18 (on 03/20/2025)

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