The bill amends section 57-02-08.9 of the North Dakota Century Code to establish a primary residence credit for taxpayers, allowing them to receive a credit of five hundred dollars against property taxes due on their primary residence. The credit is applicable only after other exemptions or credits have been applied and cannot exceed the amount of property tax owed. The bill clarifies the definitions of "owned" and "primary residence," specifying that a primary residence must be owned by individuals or through a qualifying trust and occupied as a primary place of residence. It also stipulates that only one credit can be claimed per 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 provisions for a retroactive effective date, applying to the first two taxable years beginning after December 31, 2023, and establishes an expiration date thereafter. Taxpayers who qualify for the credit may file an abatement claim for refunds of taxes paid, regardless of application deadlines, by May 1, 2025. The bill is declared an emergency measure, indicating its immediate necessity for implementation.

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