The homestead credit and disabled veterans' credit; to provide an effective date; and to declare an emergency.
Impact
The amendments included in HB 1390 are intended to update and simplify the existing regulations surrounding property tax credits for homeowners. By adjusting the thresholds for qualification and the revenue calculations associated with property taxes, the bill is positioned to offer more substantial financial relief to those who meet the criteria, including veterans and individuals above a certain age or disability status. The proposed changes to the calculations of state school aid and tuition revenue deductions also aim to create a more efficient administrative process for schools and taxpayers alike.
Summary
House Bill 1390 is a legislative proposal aimed at amending certain provisions within the North Dakota Century Code regarding homestead credits and state school aid. This bill proposes the repeal of certain sections related to the homestead credit and disabled veterans' credit, while also adjusting how property taxes are calculated for eligible individuals, including seniors and permanently disabled persons. The bill seeks to refine the process by which these credits are assessed and provided, thus directly impacting property owners eligible for such assistance.
Contention
There are notable points of contention surrounding the bill, specifically regarding the elimination of certain tax credits for disabled veterans and changes to homestead regulations. Critics argue that removing these credits could disproportionately affect vulnerable populations, particularly those on fixed incomes. Additionally, there are concerns related to how these changes might affect local governance and funding, especially in the context of potential cuts to long-standing programs designed to support local communities. Proponents, however, assert that the changes will streamline processes and ultimately benefit homeowners by providing clearer and more equitable tax relief.
The homestead tax credit and income tax rates for individuals, estates, and trusts; to provide for a legislative management study; to provide for a legislative management report; to provide an appropriation; to provide an effective date; and to provide an expiration 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.
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.
Baseline funding and the determination of state school aid, loans from the coal development trust fund, and evidences of indebtedness; to provide an appropriation; to provide for retroactive application; and to provide an effective date.
School district enrollment, the definition of "probationary teacher", a school district's policy governing possession of a weapon, the definition of "dangerous weapon", modification of weighting factors, transition maximums and an increase in per student payments, and the school construction revolving loan fund; to provide for a legislative management study; to provide a legislative management report; to provide an appropriation; to provide for an exemption; to provide for a transfer; and to provide an effective date.
The homestead credit certification and disabled veterans' credit; to provide for retroactive application; to provide an effective date; and to provide an expiration date.