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Legislative Roundup: Tax Cuts, Pension Reform, and The Auditor's War

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Legislative Bill Tracking

Legislative Roundup: Tax Cuts, Pension Reform, and The Auditor's War

As the 2023 session winds down, bills will be finalized in quick order, and sneaky provisions will rear their heads.

Dustin Gawrylow
Apr 25, 2023
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Legislative Roundup: Tax Cuts, Pension Reform, and The Auditor's War

watchingnd.substack.com

Tax Cut Package Put Down In Writing, Approved By Conference Committee

Shortly after I wrote yesterday’s update on the tax cut bill (HB 1158) the conference committee met to review and approve the last written draft of the heavily modified bill. The total package “price tag” of the tax cut package.

North Dakota's Watchdog Update
Republicans Reach Tax Deal With Themselves
Watch now (15 min) | Legislators were working on Saturday this weekend because they are running out of time to get out of Bismarck before May. In the video above, you will see that a deal on tax cuts has been made. The original plan that was announced by Republican leadership and touted during the election has been scraped…
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a month ago · 1 comment · Dustin Gawrylow

While the details may yet change, with so little time left in the session it is likely they will actually settle on these terms:

Income Tax (70% of the Bill):

  • Income tax would be eliminated for single filers making less than $44,725 and married couples making less than $74,750.

  • A 1.95% tax would be applied to income between $44,725 and $225,975 for single filers and between $74,750 and $275,100 for married couples.

  • A 2.5% tax would be applied to any income earned beyond the second bracket’s thresholds. (North Dakota’s highest income tax rate currently is 2.9%.)

Property Tax (30% of the bill):

  • Starting in 2024, all homeowners would be able to claim a $500 property tax credit on their primary residen…

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