The bill amends subsection 17 of section 57-01-02 of the North Dakota Century Code to enhance the tax commissioner's ability to disclose information regarding tax incentives claimed by taxpayers. Specifically, it removes the term "deduction" from the definition of what constitutes a tax incentive and expands the definition to include "exemption." The tax commissioner is required to disclose the amount of any tax credit or incentive claimed by a taxpayer upon receiving a written request from the chairman of the legislative management or a standing committee of the legislative assembly. However, the bill maintains the confidentiality of the taxpayer's name and any other information that is prohibited from disclosure under title 57.

Additionally, the bill stipulates that it will apply retroactively to tax incentives claimed or granted after December 31, 2024. This retroactive application ensures that the new disclosure provisions will be in effect for any relevant tax incentives claimed during that period. The bill received unanimous support in both the Senate and House, indicating broad legislative approval for the changes proposed.

Statutes affected:
PREFILED: 57-01-02
Adopted by the House Finance and Taxation Committee: 57-01-02
Enrollment: 57-01-02
INTRODUCED: 57-01-02