Bill > HB1266

This bill amends North Dakota's property tax credit for disabled veterans by increasing the taxable valuation threshold from $8,100 to $9,000 and making several clarifying modifications. The bill allows disabled veterans with a service-connected disability rating of 50% or higher, or those with an extra-schedular rating bringing their total disability to 100%, to receive a property tax credit proportional to their disability percentage on their homestead. Surviving spouses of such veterans can also qualify, receiving a 100% credit if they receive dependency and indemnity compensation. The bill adds definitions for "child" and "parent" and adjusts provisions for co-owned properties, specifying that veterans can receive credit only for their proportional interest when the homestead is co-owned with someone other than a spouse, parent, or child. The legislation maintains existing processes for applying for the credit, including filing an initial affidavit with the county auditor and providing certification from the Department of Veterans Affairs. The bill will take effect for taxable years beginning after December 31, 2024, ensuring that disabled veterans and their surviving spouses can benefit from the expanded property tax credit in the upcoming tax year.

Budget and Finance

https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo1266.html