This bill amends section 57-02-08.8 of the North Dakota Century Code, which pertains to the property tax credit for disabled veterans. The key changes include increasing the taxable valuation limit from eight thousand one hundred nine to one hundred nine thousand dollars for the homestead owned and occupied by eligible disabled veterans or their surviving spouses. Additionally, the bill clarifies that if two disabled veterans are married and living together, their combined credits cannot exceed one hundred percent of the new valuation limit. It also introduces definitions for "child" and "parent" in relation to eligibility and specifies that the credit is limited to the disabled veteran's interest in the homestead if co-owned with someone other than a spouse, parent, or child. Furthermore, the bill outlines the process for claiming the credit, including the requirement for first-time applicants to file an affidavit and a certificate from the Department of Veterans Affairs. It maintains that the credit does not reduce liability for special assessments and terminates upon the applicant's death. The effective date for these changes is set for taxable years beginning after December 31, 2024.

Statutes affected:
INTRODUCED: 57-02-08.8
Prepared by the Legislative Council staff for Representative Pyle: 57-02-08.8
FIRST ENGROSSMENT: 57-02-08.8