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North Dakota House Bill HB1215
North Dakota 2023-2024 Regular Session
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North Dakota 2023-2024 Regular Session

North Dakota House Bill HB1215

Introduced
1/9/23  
Refer
1/9/23  
Report Pass
1/16/23  
Engrossed
1/19/23  
Refer
2/13/23  
Report Pass
3/7/23  
Enrolled
3/10/23  

Caption

Business incentives, agreements, and reports administered by the department of commerce.

Impact

The implications of HB 1215 are significant for state laws surrounding business incentives. The bill is designed to simplify the oversight of business development programs, particularly by granting the authority to provide various forms of financial assistance such as loans and grants to qualified entities involved in clean sustainable energy projects. This change could potentially lead to increased investment in clean energy technologies and foster innovation within the state, ultimately contributing to North Dakota's economic development goals.

Summary

House Bill 1215 is a legislative initiative aimed at amending and reenacting several sections of the North Dakota Century Code related to business incentives and financial reporting. The bill seeks to streamline the requirements for reporting on business incentives and to repeal existing regulations under chapter 54-60.1, which governed reporting standards for business agreements and financial assistance administered by the Department of Commerce. By eliminating specific reporting requirements, the bill aims to enhance efficiency in how business incentives are managed and reported in the state.

Sentiment

Sentiment around the bill appears to be generally supportive among those who advocate for economic growth and development in North Dakota. Proponents believe that reducing reporting burdens will encourage more businesses to apply for assistance programs and invest in the state. However, there may be concerns regarding transparency and accountability, as some stakeholders fear that repealing reporting requirements might lead to less oversight on how public funds are utilized.

Contention

One notable point of contention surrounding HB 1215 is the potential trade-off between reduced regulatory burden and the need for public accountability. Critics might argue that repealing the reporting standards established in the previous chapter could undermine state oversight of financial assistance programs, potentially allowing for misuse of funds without adequate checks in place. As the bill progresses, discussions are likely to center around finding a balance that promotes business development while ensuring that taxpayer money is managed responsibly.

Latest ND HB1215 Activity

View All Events: ND 2023-2024 Regular Session HB1215

Companion Bills

No companion bills found.

Previously Filed As

ND SB2018

The purpose of the North Dakota development fund, duties and talent strategy of the division of workforce development, the uncrewed aircraft systems program, the uncrewed aircraft systems program fund, the beyond visual line of sight uncrewed aircraft system program, and changing the name of the office of legal immigration to the global talent office; to authorize a Bank of North Dakota line of credit; to provide for a transfer; to provide an application; to provide an exemption; and to provide for a legislative management report.

ND SB2018

AN ACT to provide an appropriation for defraying the expenses of the department of commerce; to provide an appropriation to the attorney general; to provide an appropriation to the department of career and technical education; to provide an appropriation to the state fair association; to provide a contingent appropriation; to create and enact a new section to chapter 54-60 of the North Dakota Century Code, relating to department of commerce grant reporting requirements; to amend and reenact subsection 1 of section 10-30.5-02, sections 54-60-09, 54-60-19, 54-60-28, 54-60-29, 54-60-29.1, and 54-60-31 of the North Dakota Century Code, relating to the purpose of the North Dakota development fund, duties and talent strategy of the division of workforce development, the uncrewed aircraft systems program, the uncrewed aircraft systems program fund, the beyond visual line of sight uncrewed aircraft system program, and changing the name of the office of legal immigration to the global talent office; to authorize a Bank of North Dakota line of credit; to provide for a transfer; to provide an application; to provide an exemption; and to provide for a legislative management report.

ND HB2541

Enacting the Kansas rural business growth program act, providing a premium tax credit to incentivize capital investment in rural areas and establishing a program to be administered by the secretary of commerce for the purpose of incentivizing such investment.

ND SF2476

Various Department of Commerce governed or administered provisions modifications

ND S1095

Provides incentives for certain businesses associated with military installations.

ND SB6113

AN ACT Relating to improving the tax law administered by the department of revenue by making technical corrections, clarifying ambiguities, and providing administrative efficiencies in a manner that is not estimated to affect state or local tax;

ND HB2257

Concerning taxes administered by the department of revenue.

ND H4467

Small Business Construction Impact Relief Act

ND HB1021

Tax Incentives for Employee-Owned Businesses

ND HF2398

Technical and housekeeping changes made to various provisions governing or administered by the Department of Commerce, and administrative rulemaking authorized.

Similar Bills

No similar bills found.