This bill amends several sections of the North Dakota Century Code regarding property tax credits and discounts. Specifically, it modifies the order of application for the primary residence credit and the discount for early payment of taxes. The bill establishes that the primary residence credit, which is capped at $1,600, must be applied after other exemptions or credits under the chapter have been applied, replacing the previous requirement that discounts be applied first. Additionally, the bill clarifies that the five percent discount for early payment of real estate taxes will be available to taxpayers who pay their taxes in full by February fifteenth, with the previous language regarding the timing of the discount being adjusted.

Furthermore, the bill also updates the provisions related to mobile home taxes, allowing for a five percent discount if the tax is paid in full by February fifteenth or within thirty days of purchase or relocation to the state. The effective dates for these changes are staggered, with the primary residence credit amendments taking effect for taxable years beginning after December 31, 2025, and the mobile home tax provisions taking effect for taxable years beginning after December 31, 2026.

Statutes affected:
INTRODUCED: 57-02-08.9, 57-20-09, 57-55-03