Governor Dalrymple proposing $545 million in tax reliefFargo, ND (WDAY TV) - A continued bright economic picture for North Dakota could mean another big tax break for residents.
By: Becky Parker, WDAY Staff Reports, WDAY
Fargo, ND (WDAY TV) - A continued bright economic picture for North Dakota could mean another big tax break for residents.
Governor Jack Dalrymple today proposed a $545 million tax relief plan that would significantly cut property taxes.
The plan includes a 50-percent reduction in the average school district levy.
It also includes a $100 million income tax reduction and $20 million in relief per biennium through the Homestead Tax Credit Program.
Gov. Jack Dalrymple, (R) North Dakota: “Homes are worth more. Businesses are worth more. Farms are worth more. We must provide this property tax relief in order to offset these impacts on people's personal obligations.”
Senator Ryan Taylor, Dalrymple's opponent in the gubernatorial race, says the governor's plan is a delayed reaction to public outcry.
Taylor released a tax relief plan more than two months ago.