HB 1295 - FINANCIAL.PROPERTY TAX. Homestead Credit Disabled Persons or Over age 65 UP TO $350,000 - 2017 - **FAILED HOUSE**

Homestead Credit Exemption Disabled Persons or Over age 65

A BILL for an Act to amend and reenact section 57-02-08.1 of the North Dakota Century Code, relating to the expansion of the homestead credit exemption for individuals age sixty-five or older; and to provide an effective date.

This bill provides...

• Individual sixty-five years of age or older or permanently and Totally disabled, dependent on income, to receive a reduction in the taxable value of that individuals homestead.
• Exemption on up to $350,000 of true and full value of homestead
• Graduated scale used on percent of exemption
  • 65 years old= 5%
  • 66 years old=10%
  • etc.
• Exemption applied even if individual resides in a nursing home.

​FISCAL NOTE: $55 million a year.

HOUSE AMENDMENTS & ACTIONS

• No amendments
• Committee recommends DO NOT PASS 13-1-0 HJ 182
• Placed on Calendar
• FAILED TO PASS 9-81 HJ197