25.0809.02001
Title.03000
Adopted by the Senate Finance and
Taxation Committee
Sixty-ninth
March 5, 2025
Legislative Assembly
of North Dakota
Introduced by
Representatives D. Johnston, Kasper, Louser, S. Olson, Schauer, Toman, Vetter, Vigesaa
Senator Enget
A BILL for an Act to create and enact a new subdivision to subsection 1 of section 57-38-01.3
and a new subdivision to subsection 2 of section 57-38-30.3 of the North Dakota Century Code,
relating to a personal and corporate income tax adjustment for capital gains from the sale of
bullion; and to provide an effective date.
BE IT ENACTED BY THE LEGISLATIVE ASSEMBLY OF NORTH DAKOTA:
SECTION 1. A new subdivision to subsection 1 of section 57-38-01.3 of the North Dakota
Century Code is created and enacted as follows:
Reduced by the amount of net capital gain or increased by the amount of net
capital loss from the sale of gold and silver legal tender coins or bullion included
in taxable income or the computation of taxable income on the federal return. For
the purposes of this subdivision, "bullion" means precious metal that has been
refined to a purity of not less than nine hundred ninety - nine parts per one
thousand and is in such form or condition that its value depends on its precious
metal content and not its form.
SECTION 2. A new subdivision to subsection 2 of section 57-38-30.3 of the North Dakota
Century Code is created and enacted as follows:
Reduced by the amount of net capital gain or increased by the amount of net
capital loss for the taxable year from the sale of gold and silver legal tender coins
and bullion to the extent included in federal taxable income. The adjustment
provided by this subdivision is allowed only to the extent the net capital gain or
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ENGROSSED HOUSE BILL NO. 1379
FIRST ENGROSSMENT
PROPOSED AMENDMENTS TO
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20 Sixty-ninth
Legislative Assembly
net capital loss is allocated to the state. For the purposes of this subdivision,
"bullion" means precious metal that has been refined to a purity of not less than
nine hundred ninety - nine parts per one thousand and is in such form or condition
that its value depends on its precious metal content and not its form.
SECTION 3. EFFECTIVE DATE. This Act is effective for taxable years beginning after
December 31, 2024.
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