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North Dakota Senate slashes homeowner property tax credit, potentially reducing relief.
The North Dakota Senate passed amendments to House Bill 1176, reducing the maximum property tax credit for homeowners from $1,450 to $1,250 and capping it at 75% of the homeowner's property tax bill.
This move has sparked concerns about the effectiveness of the property tax relief.
The bill will now go back to the House for approval of these changes, potentially leading to a conference committee to resolve differences.
The Senate's version of the bill is expected to provide around $478 million in tax relief over the next three years.
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El Senado de Dakota del Norte recorta el crédito del impuesto a la propiedad de la vivienda, reduciendo potencialmente el alivio.