Introduced by Rep. Headland, Belter, Carlson, Delzer, Kasper, Nathe

Introduced by Sen. Armstrong, Burckhard, Cook, Hogue, Miller, Wardner

A BILL for an Act to create and enact a new section to chapter 57‑38, subsections 7 and 8 to section 57‑38‑34, subsection 11 to section 57‑38‑38, and subsection 16 to section 57‑38‑40 of the North Dakota Century Code, relating to corporate and individual income tax credits and transition of financial institutions to corporate income tax treatment; to amend and reenact subsection 5 of section 11‑37‑08, subsection 8 of section 40‑63‑01, subsection 5 of section 40‑63‑04, section 40‑63‑06, subsections 3 and 4 of section 40‑63‑07, subsection 3 of section 57‑38‑01.3, subsections 1 and 3 of section 57‑38‑01.26, subsections 5 and 7 of section 57‑38‑01.32, section 57‑38‑30, subsection 1 and subdivisions c, d, and f of subsection 2 of section 57‑38‑30.3, and section 57‑39.2‑26.1 of the North Dakota Century Code, relating to individual and corporation income tax rates and credits and increased allocations from the state aid distribution fund; to repeal chapter 57‑35.3 of the North Dakota Century Code, relating to elimination of the financial institutions tax; and to provide an effective date.

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