Governor Armstrong Pushes Property Tax Cut Plan

North Dakota Governor Kelly Armstrong made a stop at the Legislature and spoke in favor of House Bill 1176. “This is the most aggressive, durable and responsible plan to reduce property taxes,” said Armstrong. “During my campaign, I visited with thousands of constituents from every corner of our state and I can confidently say that this is their top priority and it should still be ours.” There are three main parts to the bill. “It will provide a property tax credit of $14.50 per year for each primary resident by using $74.7 million from the general fund and $398.4 million from the Legacy Fund earnings. The bill caps increase the local property tax budget at three percent per year. The proposal will also expand the eligibility for the Homestead Tax Credit Program and increase the income limit to rent a refund component.”