ND tax relief plans under review

An interim Legislative committee is looking at two proposals designed to lessen people’s property tax burden.

Republican Senator Don Schiable says his proposal is based on action in the 2013 session, when the state took on a larger share of the cost of education. That bill requires a school district to levy 60 mills.  Schiable says his proposal would lower that requirement to 30 mills.

In addition, Schiable says the tax would be expressed in dollar amounts, rather than a mill levy.  “The state would pick up over 80% of the cost of education.”  Schiable says profits from the state’s Legacy fund would cover the difference.

Meanwhile, Bismarck Democratic Senator Tracy Potter is suggesting an income tax credit for property taxes.  “It’s about $100 to $200 million dollar biennial figure that that goes directly to tax relief.”

The Committee is hoping to make a recommendation to the 2023 Legislative session.

NDPPR/KNOX