The bill amends and reenacts section 57-02-08.9 of the North Dakota Century Code, which pertains to the primary residence credit for property taxes. It establishes that a taxpayer is entitled to a credit of five hundred dollars against property tax due on their primary residence, with the credit not exceeding the amount of property tax owed. The bill clarifies the definition of "primary residence" and introduces new terms such as "qualifying trust" and "trustor." It specifies that only one credit can be applied against property taxes for any primary residence and outlines the eligibility criteria for individuals who may be temporarily absent from their primary residence due to confinement in care facilities.

Additionally, the bill includes a retroactive effective date, applying to the first two taxable years beginning after December 31, 2023, and provides a mechanism for taxpayers who qualify for the credit to file an abatement claim for refunds of taxes paid. The bill is declared an emergency measure, indicating its immediate importance. Overall, the changes aim to clarify eligibility and application processes for the primary residence credit while ensuring that the provisions are effective for the specified taxable years.

Statutes affected:
INTRODUCED: 57-02-08.9
Prepared by the Legislative Council staff for Senator Patten: 57-02-08.9
FIRST ENGROSSMENT: 57-02-08.9
Prepared by the Legislative Council staff for Senator Weber: 57-02-08.9
SECOND ENGROSSMENT: 57-02-08.9
Prepared by the Legislative Council staff for House Finance and Taxation Committee: 57-02-08.9
Enrollment: 57-02-08.9