North Dakota Senate Bill SB2301

North Dakota 2026 1st Special Session

Caption

A BILL for an Act to amend and reenact subsection 1 of section 57-02-08.1 of the North Dakota Century Code, relating to the homestead tax credit; and to provide an effective date.

Summary

SB2301 seeks to amend the homestead tax credit provisions in North Dakota's Century Code, specifically targeting individuals aged sixty-five and older or those who are permanently and totally disabled. The bill proposes a reduction in the taxable valuation of a person's homestead based on income levels, with a maximum reduction of up to $13,500 for those earning below a specified threshold. The bill also allows for the exemption to remain in effect even if the individual is temporarily absent due to confinement in a care facility, as long as the property is not rented out.

Impact

If enacted, SB2301 would modify the existing homestead tax credit framework, potentially increasing tax relief for eligible seniors and disabled individuals. This change could lead to significant reductions in property tax liabilities for qualifying residents, thereby impacting local government revenue from property taxes. The bill's provisions would also necessitate adjustments in the assessment process to accommodate the new income thresholds and exemption criteria.

Sentiment

The sentiment surrounding SB2301 appears to be mixed, as indicated by its failure to pass. While there may have been support for enhancing tax relief for seniors and disabled individuals, the lack of voting history suggests that there were significant concerns or opposition that ultimately led to its defeat in the legislative assembly.

Contention

Notable points of contention likely revolved around the fiscal implications of the proposed tax credit expansions, with concerns about how these changes would affect local government budgets and the equitable distribution of tax benefits. Some lawmakers may have argued that the income thresholds were either too generous or too restrictive, impacting the bill's overall support.