North Dakota Senate Bill SB2279

North Dakota 2023-2024 Regular Session

• Introduced: 1/16/23
• Refer: 1/16/23
• Refer: 1/17/23
• Report Pass: 1/27/23
• Engrossed: 2/1/23
• Refer: 2/17/23
• Report Pass: 4/7/23

Caption

A property tax exemption for certain potato storage structures; and to provide an effective date.

Impact

If enacted, SB 2279 will have a significant impact on property tax legislation in North Dakota. It proposes to amend existing tax codes to facilitate a clearer understanding of exemptions associated with agricultural structures. By enabling exemptions for structures such as potato storage, the bill aims to reduce the financial burden on farmers while promoting the viability of smaller agricultural operations. The exemption will apply specifically to those potato storage structures that have been constructed on agricultural land, ensuring support mostly benefits local farmers.

Summary

Senate Bill 2279 proposes to amend the North Dakota Century Code regarding property tax exemptions specifically for potato storage structures. The bill seeks to provide exemptions for certain potato storage structures owned by farmers, used solely for personal or family use, thereby supporting agricultural activities within the state. The legislation clarifies the specific conditions under which these exemptions apply, aiming to boost local agricultural producers and enhance their economic viability.

Sentiment

The sentiment around SB 2279 is generally supportive among agricultural stakeholders and farmers who see it as a positive step towards encouraging agricultural productivity and sustainability. The bill has garnered backing from certain legislative members who recognize the importance of supporting the state's agricultural economy. However, concerns may have arisen from fiscal conservatives apprehensive about potential revenue implications stemming from expanded tax exemptions.

Contention

Notable points of contention may include questions about the long-term fiscal impact of such exemptions on the state's budget and concerns regarding the potential for misuse of the tax benefits intended for potato storage. Critics may argue that while supporting farmers is vital, maintaining the balance within state tax revenues is equally essential. Additionally, debates may arise regarding the definition and use of 'personal use' versus commercial benefits derived from these storage facilities.