Playback speed
Share post
Share post at current time

Paid episode

The full episode is only available to paid subscribers of North Dakota's Watchdog Update

Senate Leader: Hybrid Of Flat Tax And Property Tax Buy-Downs Likely

Also, Senate kills bill to give local governments more control in reforming their own special assessment policies, making it harder for Bismarck and other local governments to find solutions locally.

In the video above, we get an update from Senate Majority Leader David Hogue outlining what he believes will be the tax reform/relief plan to come out of the 2023 session.

In summary, Senator Hogue says:

On income tax, it will be a scaled-down flat tax plan where the first bracket is eliminated, with the income in that bracket exempted and income beyond that level taxed at a flat 2% rate. This will result in the first $40,000 income exempt and a 2% rate after that. This is less than in Governor Burgum’s original plan and very close to the 2014 Democratic plan (which I wrote for the Democrat).

This approach is certainly still a significant improvement to North Dakota’s income tax climate, and should be supported.

Hogue did not mention whether the Senate will support the “pathway to zero” income tax.

On property taxes, Hogue says the plan is to “beef up” the Homestead Tax credit that allows for senior citizens to get a break on their property tax, and also to continue the practice of sp…

Watch with a 7-day free trial

Subscribe to North Dakota's Watchdog Update to watch this video and get 7 days of free access to the full post archives.

North Dakota's Watchdog Update
North Dakota's Watchdog Update
Dustin Gawrylow