This bill amends and reenacts specific subsections of section 57-38-30.3 of the North Dakota Century Code, which pertains to income tax rates for individuals, estates, and trusts, as well as the marriage penalty credit. The bill introduces new tax brackets and rates for various filing statuses, including adjustments to the income thresholds for tax calculations. Notably, it adds provisions for "married filing separately" and modifies the income ranges for single filers, married couples filing jointly, and heads of household. Additionally, it updates the tax brackets for estates and trusts, reflecting changes in the income thresholds.

Furthermore, the bill repeals the existing marriage penalty credit and removes references to it from the tax credits available to taxpayers. The list of tax credits remains largely intact, with the exception of the deletion of the marriage penalty credit. The effective date for these changes is set for taxable years beginning after December 31, 2024.

Statutes affected:
INTRODUCED: 57-38-30.3, 57-38-01.28