This bill amends various sections of the North Dakota Century Code to clarify the responsibilities of corporate officers, governors, and managers regarding tax filings and payments. A significant change is the requirement for corporations and limited liability companies that wish to avoid personal liability for tax failures to make a cash deposit or post a bond with the tax commissioner, equal to their estimated annual tax liability. This requirement is reinforced throughout multiple sections of the code, ensuring that financial accountability is clearly established. Additionally, the bill introduces new provisions allowing the tax commissioner to grant extensions for filing reports under specific conditions, with a maximum extension of thirty days for good cause shown.

Furthermore, the bill updates the requirements for limited liability companies, limited liability limited partnerships, and corporations concerning their tax liabilities. The insertion of the phrase "and maintain" emphasizes the ongoing obligation to hold a cash deposit or bond with the tax commissioner, specifically tied to their estimated annual special fuel or aviation fuel tax liability. The bill also streamlines the process for purchasers by removing outdated language regarding the form of contracts for deeds. These amendments will apply to information statements due after December 31, 2025, with the relevant sections becoming effective after that date, thereby enhancing accountability and providing clearer guidelines for tax compliance in North Dakota.

Statutes affected:
INTRODUCED: 57-28-15, 57-33.2-16, 57-33.2-16.1, 57-36-09.3, 57-36-09.4, 57-36-09.6, 57-38-60, 57-38-60.1, 57-38-60.2, 57-38-60.3, 57-39.2-15.2, 57-39.2-15.3, 57-39.2-18.1, 57-40.2-15.1, 57-40.2-15.2, 57-40.2-15.3, 57-43.1-16, 57-43.1-16.1, 57-43.1-17.2, 57-43.1-17.3, 57-43.1-17.5, 57-43.2-11, 57-43.2-11.1, 57-43.2-16.1, 57-43.2-16.2, 57-43.2-16.4, 57-43.3-14, 57-43.3-15, 57-43.3-20, 57-43.3-21, 57-43.3-21.1, 57-63-08
PREFILED: 57-28-15, 57-33.2-16, 57-33.2-16.1, 57-36-09.3, 57-36-09.4, 57-36-09.6, 57-38-60, 57-38-60.1, 57-38-60.2, 57-38-60.3, 57-39.2-15.2, 57-39.2-15.3, 57-39.2-18.1, 57-40.2-15.1, 57-40.2-15.2, 57-40.2-15.3, 57-43.1-16, 57-43.1-16.1, 57-43.1-17.2, 57-43.1-17.3, 57-43.1-17.5, 57-43.2-11, 57-43.2-11.1, 57-43.2-16.1, 57-43.2-16.2, 57-43.2-16.4, 57-43.3-14, 57-43.3-15, 57-43.3-20, 57-43.3-21, 57-43.3-21.1, 57-63-08