|(Center) Senator Dwight Cook, (Left) Rep. Mark Owens, Tax Commissioner Ryan Rauschenberger, Sen. Jessica Unruh, Rep. Craig Headland|
The state’s 2015-2017 tax relief package consists of:
- $250 million in property tax reductions to be provided through a state-paid tax credit during the 2015-2017 biennium. With the continuation of this program, all North Dakota property owners will again receive a 12 percent reduction in property taxes.
- $123 million in individual and corporate income tax relief.
- $23 million in permanent property tax relief provided through a transfer of some social service costs from counties to the state.
- An expansion of the Homestead Tax Credit program for seniors who live on a fixed income. The Legislature appropriated an additional $1.2 million to support increased eligibility for property tax reductions during the second year of the 2015-2017 biennium. The program will save qualifying North Dakota taxpayers about $21 million during the biennium.