Bill > HB1390

This bill proposes several significant changes to property tax credits and exemptions in North Dakota, primarily focusing on modifying the primary residence credit and eliminating the homestead and disabled veterans' credits. The bill establishes a new primary residence credit that provides a 70% reduction in property taxes for qualifying taxpayers, with specific definitions for what constitutes a primary residence, including provisions for properties owned through trusts or corporate entities. For disabled individuals, the bill updates language and sets a $70,000 income threshold for property tax exemptions, replacing previous homestead credit provisions. The legislation also makes technical amendments to how school aid is calculated, clarifies terminology around property ownership and residency, and repeals several existing sections of tax law related to homestead credits. The bill is designed to take effect for taxable years beginning after December 31, 2024, with some sections declared as emergency measures to ensure immediate implementation. Key changes include streamlining property tax credits, updating eligibility criteria, and simplifying the application and certification processes for tax exemptions and credits.

Budget and Finance

https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo1390.html