On Tuesday, the North Dakota House of Representatives voted in favor of several options on income tax to send to the State Senate, instead of putting all their eggs in one tax-cut basket:
House Bill 1118, would give state residents tax credits worth $800 per person or $1,600 per couple and establish a 1.99% flat tax rate for all taxable income not covered by the credits. The proposal sponsored by Rep. Pat Heinert, R-Bismarck, would save taxpayers and cost the state about $383 million over the next two-year budget cycle.
House Bill 1158, would eliminate personal income tax for single filers making $44,725 or less and for married filers making $74,750 or less. Higher earners would pay a flat tax of 1.5%. The proposal sponsored by Rep. Craig Headland, R-Montpelier, would save taxpayers and cost the state an estimated $566 million over the next budget cycle.
Headland’s House Bill 1425, would put the state on a long-term path to income tax elimination by incrementally reducing income tax r…
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