Taxation Committee

Studies

Study economic development tax incentives as provided in NDCC Section 54-35-26. (NDCC § 54-35-26)

1247 § 1 Study the provision of a property tax exemption for elevators, warehouses, and other farm structures classified as commercial property, which are privately owned and used to store agricultural products produced by the owner or an individual related to the owner as defined in Section 10‑06.1‑12. The study must include consideration of the potential shift in property tax burden if the exemption were to be enacted, the definitions of agricultural property and farm plant as used in Section 57-02-08(15), and the impact of abandoned elevators, potato warehouses, and other farm structures classified as commercial property on the political subdivisions in which they are located, including the cost of refurbishment or removal.

2359 § 1 Study the impact of political subdivisions levying special assessments against other political subdivisions and the overall impact on taxpayers. The study must include analysis of the impact on taxpayers not governed by the political subdivision levying special assessments and explore forms of taxation policy that minimize the levying of special assessments in the form of taxes through political subdivisions.

Reports

Receive a report from the Tax Commissioner, State Supervisor of Assessments, and the Chairmen of the Finance and Taxation Standing Committees of the House of Representatives and the Senate before June 1, 2024, regarding their findings and recommendations on a study of property tax transparency. (2023 House Bill No. 1245 § 3)

Receive a report from the Tax Commissioner by June 1 of each year summarizing the information provided by taxpayers that received a sales tax exemption for raw materials, single-use product contract systems, and reagents used for biologic manufacturing. The report must include a comparison of the information received in the current calendar year with data received in the preceding calendar year. (2023 House Bill No. 1455 § 2) (NDCC § 57-39.2-04.19)

Receive an annual report from the Department of Commerce's Division of Community Services on renaissance zone progress. (NDCC § 40-63-03(2))

Receive an annual report from the Department of Commerce compiling reports from cities that have a renaissance zone included in a tax increment financing district. (NDCC § 40-63-03(10))

Receive a report from the Tax Commissioner by April 1 of each year regarding a statewide report of property tax increase. (NDCC § 57‑20‑04)