This bill proposes several amendments and new provisions to the North Dakota Century Code, primarily focusing on tax reporting and park district bonding authority. It allows park districts that function as distinct municipalities to issue general obligation bonds up to one percent of the assessed valuation of taxable property, capped at fifteen million dollars, for park-related improvements. Additionally, the bill establishes a new section requiring the tax commissioner to develop a uniform reporting system for financial and property tax data from taxing districts by January 1, 2026. This system will include categories such as fund balances and property tax levy calculations, with annual reports to be submitted to the legislative management starting in 2026.

Furthermore, the bill amends existing sections to enhance the reporting of legislative tax relief information and the delivery of real estate tax statements. County auditors will now be required to provide detailed reports on property valuations and tax levies, including legislative tax relief savings for taxpayers. The real estate tax statements must include comprehensive information about property valuations, tax levies, and a graphical representation of taxes levied by each taxing district. The bill also establishes a legislative tax reform and relief advisory committee to study tax reform and relief measures, as well as a study on tax-exempt properties to be reported 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