| FOR IMMEDIATE RELEASE | Contact: Rick Clayburgh, Tax Commissioner 701-328-2770 |
| April 11, 2001 |
Individual Income Tax Bill Information
BISMARCK ---Tax Commissioner Rick Clayburgh announced today that the Office of State Tax Commissioner has posted information regarding the Individual Income Tax Bill (House Bill 1399) on its website.
“It’s important that taxpayers are able to see how the proposed bill may affect their own income tax liability,” said Commissioner Clayburgh. “As a service to taxpayers we are providing a worksheet and charts to help them better understand the bill.”
The North Dakota Senate recently amended and passed House Bill 1399, a bill that will change the way North Dakota individual taxpayers determine their state income tax liability. Currently, the North Dakota individual income tax (for short form filers) is 14 percent of a taxpayer’s federal income tax liability (before credits).
Clayburgh said, “Even though the bill is not finalized, we feel it is helpful for taxpayers to know more about it, at least in its current version. Taxpayers should check our website often to track the most recent developments on the bill.”
Because the North Dakota House and Senate have passed varying versions of HB 1399, a House and Senate conference committee will be meeting to work out the differences in the two versions of the bill.
“We used the Senate-passed version for purposes of preparing the worksheet and charts,” said Clayburgh, “and we will update the information as changes from the conference committee become known.”
Taxpayers can find the worksheet and charts on the Tax Department’s website at www.nd.gov/tax. The information can be printed and used to estimate how this income tax bill might affect their tax liability.
