Financial

amends the income tax surtax statute to provide that trusts not having taxable incom

CHAPTER 468 

HOUSE BILL NO. 1429 

(Wilkie, Dornacker) 

MILITARY PAY INCOME TAX EXEMPTION TAXATION 

AN ACT to create and enact a new subdivision to subsection 1 of section 57-38-01.2 of the North Dakota Century Code and to repeal section 57-46-01 of the North Dakota Century Code, relating to military income exempt from the income tax; and to provide an effective date. 

CHAPTER 496 

HOUSE BILL NO. 1492 

(Dornacker) 

VIETNAM VETERANS' BONUS BONDS AND SURTAX 

SENATE BILL NO. 2456 

(Lips, Van Horn) 

VIETNAM VETERANS' BONUS MILITARY 

AN ACT to provide for Vietnam veterans' adjusted compensation, method of payment, duties of adjutant general, exemption from taxation and execution, time limits for filing, for a penalty, and for appropriations; and to create and enact section 37-24-08 of the North Dakota Century Code, relating to deduction of adjusted compensation, and declaring an emergency.

CONSTITUTIONAL AMENDMENTS., APPROVED

CHAPTER 616 

VIETNAM VETERANS BONUS 

CHAPTER 592 

SENATE CONCURRENT RESOLUTION NO. 17 

(Holand, Torgerson) 

BOND ISSUE FOR VIET NAM VETERANS 

A concurrent resolution for a constitutional amendment authorizing the issuance of bonds of the state of North Dakota and the expenditure of the proceeds for the payment of adjusted compensation to North Dakota veterans of the Viet Nam conflict.

A BILL for an Act relating to tuition assistance for national guard members attending out-of-state colleges or universities; and to provide for retroactive application. 

A BILL for an Act to amend and reenact subdivisions l and r of subsection 1 of section 57-38-01.2 of the North Dakota Century Code, relating to the maximum individual long-form income tax deduction for military and federal retirement benefits; and to provide an effective date.

A concurrent resolution directing the Legislative Council to study the feasibility and desirability of adjustments to income tax deductions for military and other federal retirees.

A BILL for an Act to provide for the establishment of empowerment zones and to provide tax credits for businesses located within empowerment zones; and to provide an appropriation.