This bill proposes significant amendments to the North Dakota Century Code, focusing on property tax reductions for primary residences and adjustments to tax credits and exemptions. It introduces a new section allowing for a valuation reduction of up to $9,000 for primary residences, including mobile homes, under specific conditions. The bill also clarifies definitions related to "dependent," "homestead," and "income," and establishes a $500 credit for taxpayers who have not previously received a property tax credit for their primary residence for the taxable year 2024. Additionally, it mandates that county auditors certify and distribute these credits, while outlining the appeal process for applicants and the consequences of fraudulent claims.

Moreover, the bill repeals certain sections related to homestead credit certification and disabled veterans' credit, while retaining exemptions for military personnel and individuals with disabilities. It updates the language used in the code, replacing terms like "homestead credit" with "primary residence valuation reduction," and removes specific exemptions for mobile homes owned by disabled veterans or unremarried surviving spouses. The bill aims to streamline the taxation framework for mobile homes and enhance property tax relief for qualifying individuals, with provisions for retroactive application and a clear timeline for implementation.

Statutes affected:
INTRODUCED: 15.1-27-04.1, 57-02-08, 57-02-08.1, 57-02-08.3, 57-02-08.9, 57-02-08.10, 57-02-11.1, 57-23-06, 57-55-10