This bill proposes the creation of a new subsection to section 57-02-08 of the North Dakota Century Code, which introduces a partial property tax exemption for residential properties used for in-home care services for qualifying individuals. Specifically, the bill stipulates that property owners can receive a fifty percent exemption on the taxable valuation of their residential property if it is used to provide in-home care for a direct relative who is physically or mentally incapable of self-care. To qualify for this exemption, property owners must submit necessary information to the assessor using a form prescribed by the tax commissioner.

The bill defines key terms such as "direct relative," which includes various family members by blood, adoption, or marriage, and "qualifying individual," referring to a direct relative who lives with the property owner and is unable to care for themselves due to incapacity, age, illness, or disability. The exemption is applicable for taxable years beginning after December 31, 2024.