SB 2298 — A BILL for an Act to create and enact a new section to chapter 57-02 of the North Dakota Century Code, relating to a valuation reduction for property used as a primary residence; to amend and reenact subdivision b of subsection 4 of section 15.1-27-04.1, subsection 26 of section 57-02-08, sections 57-02-08.1, 57-02-08.3, 57-02-08.9, 57-02-08.10, and 57-02-11.1, subsection 1 of section 57-23-06, and section 57-55-10 of the North Dakota Century Code, relating to the determination of state school aid, removal of the homestead credit, homestead renter refund, and the primary residence credit; to repeal sections 57-02-08.2 and 57-02-08.8 of the North Dakota Century Code, relating to the homestead credit certification and disabled veterans' credit; to provide for retroactive application; to provide an effective date; and to provide an expiration date.

Summary

Relating to a valuation reduction for property used as a primary residence; to amend and reenact subdivision b of subsection 4 of section 15.1‑27‑04.1, subsection 26 of section 57‑02‑08, sections 57‑02‑08.1, 57‑02‑08.3, 57‑02‑08.9, 57‑02‑08.10, and 57‑02‑11.1, subsection 1 of section 57‑23‑06, and section 57‑55‑10 of the North Dakota Century Code, relating to the determination of state school aid, removal of the homestead credit, homestead renter refund, and the primary residence credit; to repeal sections 57‑02‑08.2 and 57‑02‑08.8 of the North Dakota Century Code, relating to the homestead credit certification and disabled veterans' credit; to provide for retroactive application; to provide an effective date; and to provide an expiration date.

Bill Text

• Introduced View text Current pdf

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill amends several statutes to adjust the calculation of school aid, repeals certain homestead credits, and introduces a renter refund for individuals over 65 or disabled, with income limitations.

• N.D.C.C. § 15.1-27-04.1

  An amount equal to seventy-five percent of the revenue received by the school district during the 2017-18 school year for the following revenue types: → Subtract an amount equal to seventy-five percent of all revenue types listed in subdivisionssubdivision c and paragraphs 1 and 2 of subdivision d of subsection 1 and revenue from payments in lieu of taxes.

  Changes the definition of funding adjustments for school districts based on revenue calculations.

• N.D.C.C. § 57-02-08

  Homestead credit certification

  Repeals the homestead credit certification provisions.

• N.D.C.C. § 57-02-08.1

  Any person sixty-five years of age or older or permanently and totally disabled, in the year in which the tax was levied, with an income that does not exceed the limitations of subdivision c is entitled to receive a reduction in the assessment on the taxable valuation on the person's homestead. → Any individual sixty-five years of age or older or permanently and totally disabled with an income not in excess of seventy thousand dollars is eligible for refund of a portion of the person's individual annual rent deemed by this subsection to constitute the payment of property tax for the individual's rental homestead.

  Modifies the homestead credit into a renter refund for certain individuals based on income.

• N.D.C.C. § 57-02-08.1

  The exemption under this subsection continues to apply if the person does not reside in the homestead and the person's absence is due to confinement in a nursing home, hospital, or other care facility, for as long as the portion of the homestead previously occupied by the person is not rented to another person.

  Eliminates provisions regarding the exemption for individuals not residing in their homestead due to confinement.

• N.D.C.C. § 57-02-08.1

  This subsection does not reduce the liability of any person for special assessments levied upon any property.

  Clarifies that the refund does not apply to special assessments.

Action History

1. February 12, 2025

   Second reading, failed to pass, yeas 8 nays 39

2. February 10, 2025

   Reported back, do not pass, placed on calendar 6 0 0

3. January 28, 2025

   Committee Hearing 09:30

4. January 20, 2025

   Introduced, first reading, referred Finance and Taxation Committee

Sponsors

• Tim Mathern · Primary

Votes

Subjects