This bill proposes the establishment of a uniform financial and property tax data reporting system for taxing districts in North Dakota, alongside amendments to existing laws regarding park district bonding authority, tax relief reporting, and real estate tax statements. Specifically, it allows park districts to issue general obligation bonds up to one percent of the assessed valuation of taxable property, capped at fifteen million dollars, and mandates the tax commissioner to develop a reporting system by January 1, 2026, that includes detailed financial data from taxing districts. Additionally, the bill requires county auditors to provide comprehensive reports on property valuations and tax levies, as well as information on legislative tax relief, to the tax commissioner.

Furthermore, the bill outlines the contents and delivery methods for real estate tax statements, ensuring they are sent to property owners via mail or email, and mandates the inclusion of detailed tax information for the current and two preceding years. It also establishes a legislative tax reform and relief advisory committee to study tax reforms and report findings to the legislative assembly, as well as a study on tax-exempt properties to be conducted by the tax commissioner. The overall aim of the bill is to enhance transparency and consistency in property tax reporting and to facilitate informed legislative decisions regarding tax reform and relief.

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