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 an exemption for fifty percent of the taxable valuation of their residential property if it is used to care for a qualifying individual, defined as a direct relative who is unable to care for themselves due to various incapacities and who resides with the property owner for more than half of the taxable year.

To claim this exemption, property owners must provide necessary information to the assessor on a form prescribed by the tax commissioner to demonstrate eligibility. The bill also clarifies the definitions of "direct relative" and "qualifying individual" to ensure proper understanding and application of the exemption criteria. The effective date for this Act is set for taxable years beginning after December 31, 2024.