The salary of the state tax commissioner, property assessment increase notices, and use tax exemptions; to provide an exemption; to provide for a transfer; to provide an effective date; and to provide an expiration date.
Impact
By enacting this bill, North Dakota law will now include provisions that allow exemptions for specific types of materials related to renewable energy projects. This creates a favorable economic climate for businesses involved in renewable energy production and could potentially lead to increased investments in sustainable aviation fuel infrastructure. The appropriations detailed within the bill also bolster financial support for programs like the homestead tax credit and disabled veterans' tax credit, demonstrating a commitment to both economic development and social support.
Summary
Senate Bill No. 2006 was introduced during the 68th Legislative Assembly of North Dakota with the objective to provide funding for the office of the tax commissioner, as well as introduce a significant sales and use tax exemption for materials used in the construction, expansion, or upgrade of facilities that refine renewable feedstock into sustainable aviation fuel. This bill illustrates North Dakota's continued support for renewable energy initiatives and aims to facilitate a smoother transition towards more sustainable fuel sources.
Sentiment
Overall, the sentiment towards SB2006 appears to be positive, with strong support for its dual focus on promoting green technology and supporting veteran financial relief. Legislative discussions reflected a general consensus on the importance of renewable energy, though some stakeholders were cautious about the financial implications for state revenue. The bill garnered significant bipartisan support, evidenced by its unanimous passage in the Senate and strong affirmative votes in the House.
Contention
While the bill was largely supported, there were discussions around the potential long-term impacts on state revenues resulting from the tax exemptions. Some legislators raised caution regarding how this might affect funding for other state programs and the potential for increased scrutiny on the tax commissioner's budget. Despite these concerns, the overall reception of the bill indicates a prioritization of renewable energy and legislative backing to foster growth in this sector.
A transfer of Bank of North Dakota profits to a water infrastructure revolving loan fund; to provide for a transfer; to provide an exemption; to provide for a legislative management study; to provide a report; to provide a penalty; to provide for application; to provide a retroactive effective date; to provide a contingent effective date; to provide an effective date; and to declare an emergency.
The state leave sharing program, capitol grounds rent collections, and the law enforcement retirement program; to provide for a transfer; to provide an exemption; to provide a report; to provide for a retroactive application; and to provide an effective date.
Legacy fund definitions and the legacy earnings fund; to provide for a legislative management study; to provide for a legislative management report; to provide an appropriation; to provide an exemption; to provide an effective date; to provide an expiration date; and to declare an emergency.
The salaries of justices of the supreme court and salaries of district court judges; to provide for transfers; to provide for a report; and to provide an exemption.
The salary of the superintendent of public instruction and administrative cost-sharing; to provide for a transfer; to provide a report; to provide an exemption; and to provide an effective date.
The salary of the superintendent of public instruction, baseline funding, high-cost students, and regional library cooperative definitions; to provide for a transfer; to provide for reports; to provide an exemption; to provide an effective date; and to declare an emergency.
Legacy fund definitions, the legacy earnings fund, and the primary residence credit; to provide an appropriation; to provide for a transfer; to provide an effective date; and to provide an expiration date.
The sales tax exemption for raw materials, single-use product contact systems, and reagents used for biologic manufacturing; and to provide an effective date.
The carbon dioxide pipeline exemption, payments in lieu of taxes for certain carbon dioxide pipeline property, and the carbon dioxide capture and injection sales tax exemption; and to provide an effective date.
A use tax exemption for materials used to construct, expand, or upgrade a hospice care facility owned by a hospice program; and to provide an effective date.