This bill proposes the establishment of a uniform financial and property tax data reporting system for taxing districts in North Dakota, requiring the tax commissioner to develop and implement this system by January 1, 2026. The new reporting system will include categories such as fund balances and property tax levy calculations, and the tax commissioner will collect data from each taxing district. Additionally, the bill amends existing laws regarding park district bonding authority, allowing park districts to issue general obligation bonds up to one percent of the assessed valuation of taxable property, capped at fifteen million dollars, without requiring a vote.

Furthermore, the bill mandates the inclusion of legislative tax relief information in tax reports and real estate tax statements. County auditors will be required to provide detailed reports on property valuations, tax levies, and legislative tax relief savings to the tax commissioner. The bill also establishes a legislative tax reform and relief advisory committee to study tax reform and relief measures, and it requires the tax commissioner to compile data on tax-exempt properties for a report to the legislative management by July 1, 2026.

Statutes affected:
INTRODUCED: 4.1-47-14, 11-38-01, 11-11-53, 11-11.1-04, 21-03-07, 40-38-02, 57-15-02.2, 57-15-06.4, 57-15-06.6, 57-15-06.7, 57-15-28, 57-15-50, 57-15-56, 57-20-04, 57-20-07.1, 61-24-08, 61-24-09, 57-15-26.8
Adopted by the House Finance and Taxation Committee: 21-03-07, 57-20-04, 57-20-07.1
FIRST ENGROSSMENT: 21-03-07, 57-20-04, 57-20-07.1