More than 134,000 approved for North Dakota’s new primary residence credit

(The Center Square) – More than 138,000 North Dakotans applied for the new primary residence credit, and 134,893 applications were approved, Tax Commissioner Brian Kroshus told a legislative committee on Wednesday.

Approved North Dakotans received $500 toward their property tax for their primary residence, which could include houses, condominiums and mobile homes. Taxpayers could only claim one primary residence.

Tax officials estimated that 92% of eligible taxpayers participated after dissecting U.S. Census data that eliminates some housing, including ones on reservations, which are not taxed.

“We dissected in so many different ways, I am very confident in that 90% figure,” Kroshus said.

The application was online and took less than five minutes, according to Kroshus.

- Advertisement -

The tax department also logged more than 24,000 phone calls, he said.

“And the work our team did because as you remember, we didn’t add any FTEs, a big shout out to them,” Kroshus said, referring to full-time employees. “We did this without adding any staff and they were busy. They worked incredibly hard at this. We received a lot of compliments from the public on this, which was great to hear.”

State officials are looking at adding residences that are currently in trusts but are primary residences, Kroshus said in his presentation.

The tax went into effect in April after approval by the North Dakota Legislature during the 2023 session. Lawmakers also passed $358 million in individual income tax relief by eliminating the state’s bottom tax bracket and merging the top four brackets into two with reduced rates. Coupled with the primary tax credit, Gov. Doug Burgum said taxpayers received $515 million in tax breaks, the largest in state history.

The majority of approved applications for the primary residence credit were from taxpayers 65 years old and older, with 43,999, according to a presentation by Kroshus. The smallest demographic of approved applications was from taxpayers under the age of 25 years old, with 1,253.

spot_img
spot_img

Hot this week

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Sports betting bill still alive in Georgia House

(The Center Square) – A bill that would allow...

East Wing Demolished as Oversight Questions Mount

(AURN News) — The White House confirms the entire...

Poll: Menefee Takes Lead in Crowded Texas House Race

(AURN News) — Christian Menefee has never been one...

Bus Driver Charged for Running Over OKC Man

OKLAHOMA CITY — An Oklahoma City bus driver has...

SNAP Benefits Suspended Nov. 1 Due to Federal Shutdown

OKLAHOMA CITY — Due to the federal government shutdown,...

Star Spencer High School Student Shot and Killed

OKLAHOMA CITY — A 17-year-old student was shot and...

Mayor Holt Celebrates Thunder with NBA Championship Signage

OKLAHOMA CITY — On Tuesday, Oklahoma City Mayor David...

Would expanding Wisconsin sports wagering statewide be legal?

(The Center Square) – A group of Wisconsin lawmakers...

TEA takes over another public school system: Fort Worth ISD

(The Center Square) – The Texas Education Agency is...

More like this
Related

East Wing Demolished as Oversight Questions Mount

(AURN News) — The White House confirms the entire...

Poll: Menefee Takes Lead in Crowded Texas House Race

(AURN News) — Christian Menefee has never been one...

Bus Driver Charged for Running Over OKC Man

OKLAHOMA CITY — An Oklahoma City bus driver has...

SNAP Benefits Suspended Nov. 1 Due to Federal Shutdown

OKLAHOMA CITY — Due to the federal government shutdown,...