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Tax Commissioner Releases Updated Income Tax Withholding Rates Reflecting 2015 Reductions

Tuesday, June 9, 2015

Contact: Jen Raab, Public Information Officer, 701.328.3039

BISMARCK, N.D. – Tax Commissioner Ryan Rauschenberger released the updated North Dakota income tax withholding rates and instructions booklet for employers today. The updated estimated tax forms for individuals, estates and trusts were also released. The information reflects the reduction in income tax rates passed by the 2015 Legislature and signed into law by Governor Dalrymple.

"The new withholding and estimated tax forms are a result of Senate Bill 2349, the income tax relief bill passed this legislative session," said Rauschenberger. "This is the fourth consecutive legislative session that North Dakota has lowered income tax rates."

Senate Bill 2349 provides $108 million in additional income tax relief through an across-the-board tax rate cut of 10 percent for individuals and 5 percent for corporations. The changes in rates, including individual income tax withholding tables that employers utilize, may be found on the Office of State Tax Commissioner's website.

Employers are not required to adjust the state withholding for paychecks issued prior to the release of the updated information. However, Rauschenberger encourages employers use the revised withholding tables going forward for the remainder of 2015.

Individuals, estates and trusts that are required to pay North Dakota estimated income tax are also affected by the rate changes. "Taxpayers making estimated tax payments may also adjust their payment amount based on the new reduced tax rates," Rauschenberger added.

nd.gov - The Official Portal for North Dakota State Government
North Dakota: Legendary. Follow the trail of legends

Ryan Rauschenberger
Tax Commissioner
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News

Sign up to receive new releases via email.  Select the "ND Tax News" list.

 

Tax Commissioner Releases Updated Income Tax Withholding Rates Reflecting 2015 Reductions

Tuesday, June 9, 2015

Contact: Jen Raab, Public Information Officer, 701.328.3039

BISMARCK, N.D. – Tax Commissioner Ryan Rauschenberger released the updated North Dakota income tax withholding rates and instructions booklet for employers today. The updated estimated tax forms for individuals, estates and trusts were also released. The information reflects the reduction in income tax rates passed by the 2015 Legislature and signed into law by Governor Dalrymple.

"The new withholding and estimated tax forms are a result of Senate Bill 2349, the income tax relief bill passed this legislative session," said Rauschenberger. "This is the fourth consecutive legislative session that North Dakota has lowered income tax rates."

Senate Bill 2349 provides $108 million in additional income tax relief through an across-the-board tax rate cut of 10 percent for individuals and 5 percent for corporations. The changes in rates, including individual income tax withholding tables that employers utilize, may be found on the Office of State Tax Commissioner's website.

Employers are not required to adjust the state withholding for paychecks issued prior to the release of the updated information. However, Rauschenberger encourages employers use the revised withholding tables going forward for the remainder of 2015.

Individuals, estates and trusts that are required to pay North Dakota estimated income tax are also affected by the rate changes. "Taxpayers making estimated tax payments may also adjust their payment amount based on the new reduced tax rates," Rauschenberger added.

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