This bill proposes significant amendments to the North Dakota Century Code, focusing on the establishment of a legacy earnings fund and a legacy property tax relief fund. It introduces a primary residence certification process and imposes limitations on property tax levies without voter approval. Key changes include the repeal of the legacy earnings fund definition and the introduction of a new legacy earnings fund that will receive distributions based on a specified percentage of its average value. The bill also outlines the allocation of funds from this earnings fund to various state projects, including infrastructure and property tax relief, while amending existing property tax definitions and processes to streamline the budget hearing process for municipalities.

Additionally, the bill revises property tax credit provisions for disabled veterans and the primary residence credit, increasing the maximum credit and adjusting application deadlines. It clarifies eligibility criteria for property tax credits and establishes a new certification process for primary residences. The bill also modifies the valuation process for different property types and introduces limitations on property tax levies by taxing districts without voter approval. Furthermore, it appropriates $408,900,000 from the legacy property tax relief fund for the primary residence credit for the 2025-27 biennium and mandates public awareness campaigns to identify funding sources from the legacy fund. Overall, the bill aims to enhance property tax relief and streamline tax assessment processes while ensuring transparency and accountability in property tax levies.

Statutes affected:
INTRODUCED: 21-10-06, 57-02-01, 57-02-08.1, 57-02-08.9, 57-02-08.10, 57-02-27, 57-02-27.1, 57-02-53, 57-09-04, 57-11-03, 57-12-06, 57-20-07.1
Adopted by the House Finance and Taxation Committee: 6-09.4-10.1, 21-10-06, 40-40-06, 54-27-19.3, 57-02-01, 57-02-08.1, 57-02-08.9, 57-02-08.10, 57-02-27, 57-02-27.1, 57-02-53, 57-09-04, 57-11-03, 57-12-06, 57-15-02.2, 57-20-07.1, 57-38-30.3
25.1003.01011 : 6-09.4-10.1, 21-10-06, 40-40-06, 54-27-19.3, 57-02-01, 57-02-08.1, 57-02-08.9, 57-02-08.10, 57-02-27, 57-02-27.1, 57-02-53, 57-09-04, 57-11-03, 57-12-06, 57-15-02.2, 57-20-07.1
FIRST ENGROSSMENT: 6-09.4-10.1, 21-10-06, 40-40-06, 54-27-19.3, 57-02-01, 57-02-08.1, 57-02-08.9, 57-02-08.10, 57-02-27, 57-02-27.1, 57-02-53, 57-09-04, 57-11-03, 57-12-06, 57-15-02.2, 57-20-07.1, 57-38-30.3
Prepared by the Legislative Council staff for House Appropriations Committee: 6-09.4-10.1, 21-10-06, 40-40-06, 54-27-19.3, 57-02-01, 57-02-08.1, 57-02-08.9, 57-02-08.10, 57-02-27, 57-02-27.1, 57-02-53, 57-09-04, 57-11-03, 57-12-06, 57-15-02.2, 57-20-07.1
SECOND ENGROSSMENT: 6-09.4-10.1, 21-10-06, 40-40-06, 54-27-19.3, 57-02-01, 57-02-08.1, 57-02-08.9, 57-02-08.10, 57-02-27, 57-02-27.1, 57-02-53, 57-09-04, 57-11-03, 57-12-06, 57-15-02.2, 57-20-07.1
Prepared by the Legislative Council staff for Senate Appropriations Committee: 6-09.4-10.1, 21-10-06, 40-40-06, 54-27-19.3, 57-02-01, 57-02-08.1, 57-02-08.9, 57-02-08.10, 57-02-27, 57-02-27.1, 57-02-53, 57-09-04, 57-11-03, 57-12-06, 57-15-02.2, 57-20-07.1
Prepared by the Legislative Council staff for Representative Headland: 6-09.4-10.1, 21-10-06, 40-40-06, 54-27-19.3, 57-02-01, 57-02-08.1, 57-02-08.8, 57-02-08.9, 57-02-08.10, 57-02-27, 57-02-27.1, 57-02-53, 57-09-04, 57-11-03, 57-12-06, 57-15-02.2, 57-15-14.2, 57-20-07.1
Enrollment: 6-09.4-10.1, 21-10-06, 40-40-06, 54-27-19.3, 57-02-01, 57-02-08.1, 57-02-08.8, 57-02-08.9, 57-02-08.10, 57-02-27, 57-02-27.1, 57-02-53, 57-09-04, 57-11-03, 57-12-06, 57-15-02.2, 57-15-14.2, 57-20-07.1