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 $8,100 to $109,000 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 100% of the new taxable valuation limit. It also introduces definitions for "child" and "parent" in relation to the credit, 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.

The bill further outlines the process for claiming the credit, including the requirement for an affidavit and certification from the Department of Veterans Affairs. It maintains that the credit terminates at the end of the taxable year of the applicant's death and allows county commissioners to cancel unpaid taxes representing the credit for any year the qualifying owner held title to the homestead. 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