23.0833.02000
Sixty-eighth
Legislative Assembly HOUSE BILL NO. 1495
of North Dakota
Introduced by
Representatives Wagner, Bosch, Dockter, Hauck, Headland, Louser, McLeod, Nathe, Pyle,
D. Ruby
Senators Meyer, Sorvaag
1 A BILL for an Act to amend and reenact subsection 4 of section 40-05-24 of the North Dakota
2 Century Code, relating to requirements for cities granting property tax incentives.
3 BE IT ENACTED BY THE LEGISLATIVE ASSEMBLY OF NORTH DAKOTA:
4 SECTION 1. AMENDMENT. Subsection 4 of section 40-05-24 of the North Dakota Century
5 Code is amended and reenacted as follows:
6 4. The term "negotiation" as used in this sectionAs used in this section:
7 a. "Negotiation" means the governing body of an affected county or school district
8 may negotiate the terms of participating in the tax incentive, including the
9 duration of the tax incentive and the taxable value selected for the base year for
10 purposes of computing tax increments.
11 b. "Property tax incentive" includes a tax increment finance district used to offset
12 public or private costs for urban renewal.
Page No. 1 23.0833.02000


Statutes affected:
INTRODUCED: 40-05-24
FIRST ENGROSSMENT: 40-05-24
Enrollment: 40-05-24