This bill amends the North Dakota Century Code to clarify the definition of "agricultural property" and the tax exemption for farm structures and improvements. It specifies that agricultural property includes both platted and unplatted lands used for raising crops or grazing animals, with certain conditions outlined for platted lands. Notably, lands platted and assessed as agricultural property before March 30, 1981, will continue to be assessed as such unless they are repurposed. The bill also introduces new definitions and clarifications regarding what constitutes agricultural activities, including the storage of harvested crops by farmers and their relatives.

Additionally, the bill revises the criteria for tax exemptions related to farm buildings and improvements. It explicitly states that structures used primarily for retail or wholesale businesses, or located on platted land within city limits, are not exempt unless they meet specific conditions. The bill also clarifies that certain factors, such as whether feed is grown or purchased for animals, will not affect the application of the exemption. The changes are set to take effect for taxable years beginning after December 31, 2025.

Statutes affected:
PREFILED: 57-02-01
Prepared by the Legislative Council staff for Representative Hagert: 57-02-01, 57-02-08
Enrollment: 57-02-01, 57-02-08
INTRODUCED: 57-02-01