North Dakota House Bill HB1335

North Dakota 2025-2026 Regular Session

• Introduced: 1/13/25
• Refer: 1/13/25
• Report DNP: 2/10/25

Caption

The homestead tax credit; and to provide an effective date.

Impact

If enacted, the bill significantly impacts state laws regarding property taxes and exemptions specifically aimed at senior citizens and disabled individuals. The adjustments in income thresholds and the relief percentages are designed to better support vulnerable populations by reducing their property tax burdens. The bill ensures that these provisions are applicable even if the qualifying individual is absent from their home due to a medical condition requiring care in facilities.

Summary

House Bill 1335 addresses the homestead tax credit by amending specific provisions of the North Dakota Century Code. The bill proposes to adjust the eligibility criteria and benefits for individuals aged sixty-two or older, or those who are permanently and totally disabled. It establishes income thresholds that determine eligibility for reduced tax assessments on homestead properties, effectively providing property tax relief to eligible residents.

Contention

Notably, the discussions surrounding HB 1335 may include points of contention regarding the adequacy of the proposed income limits. Critics might argue whether the income threshold adjustments will adequately meet the needs of the target population, as rising living costs could outpace the proposed limits. Additionally, the extent of taxation relief, as defined by the maximum reduction amounts, can incite debates about fiscal responsibility and adequate funding for municipal services that rely on property tax revenues.