New level are beaten that have % away from voters resistant to the measure. It can enjoys eliminated assets taxes and you may might have requisite the new county legislature to change local governments’ assets taxation money having county taxation cash.

Brand new size try supported by a team named Encourage brand new Taxpayer molded from the Minot, Northern Dakota resident Robert Hale. Hale told you he modeled the measure toward an excellent 2009 legislative proposition of Condition Rep. Dan Ruby (R-38) to cease property taxation as the a source of state money.

New level is actually opposed of the Keep it Local ND, the official Chamber out of Commerce, the fresh Northern Dakota Category out of Urban centers, Association regarding Real estate agents, AFL-CIO, Connection from Counties, the fresh new Farmer’s Partnership, and Oil Council.

Vote identity

Blog post X of North Dakota Composition. It might exclude governmental subdivisions of levying one income tax with the examined value of genuine or private assets, with the exception of the brand new payment out of bonded indebtedness obtain due to a specific time, and you can would require the official to add replacement money so you’re able to political subdivisions out-of no less than the present day real estate income tax levies. It could reduce financial obligation regarding a political subdivision so you can an number not to exceed one or two and something-half per cent of your complete and you may real worth of the true possessions regarding governmental subdivision; although not, from the a vote, an incorporated town could boost their indebtedness to four % and you may a school region you may boost the indebtedness to five per cent. It can ensure it is an integrated town to be in financial trouble in a keen count maybe not exceeding a couple % of the full and you will real worthy of to possess liquid and you can sewer systems. It could require a political subdivision taking on indebtedness to take care of annual profits to spend your debt costs when due and you can carry out prohibit a political subdivision out-of giving general obligations bonds safeguarded having tax levied towards analyzed worth of possessions.

The projected financial impact from the scale is $step 3.15 mil upsurge in biennial expenses on county originating in the brand new 2025-2027 biennium.

Constitutional transform

The measure would amend sections 1, 14, 15, and 16 and repeal sections 4, 5, 7, 9, and 10 of Article X of the North Dakota Constitution. The following underlined text would be added and struck-because of text would be deleted:

Section 1. 1. The But due to the fact considering from inside the subsection 2, the legislative assembly as well as governmental subdivisions may not increase shall be prohibited from raising revenue to defray the expenses of the state through the levying of a any tax on the assessed value of real or personal property. 2. A political subdivision get continue to levy income tax on reviewed worth of real property in the event your tax was loyal to the percentage away from bonded indebtedness incurred before the end of 30-date period following day it modification is authorized by the voters, up until such as debt is actually paid. 3. The state will render yearly possessions income tax cash replacement costs so you can governmental subdivisions inside the an amount comparable to at the least new quantity of tax levied for the property because of the political subdivisions, leaving out taxation levied toward real-estate on fee away from bonded indebtedness, when you look at the season in which so it modification was passed by the brand new voters.

Part fourteen. step one. Regardless of all other supply on structure, and for https://availableloan.net/personal-loans-or the aim of generating the economic growth of the county, the introduction of its sheer tips, additionally the prosperity and you will interests of the anyone, the official can get procedure ties and use the brand new continues thereof out-of this new ties while making funds in order to directly or cooperatively possessed enterprises so you can plan, make, and get, allow, boost, and increase institution getting converting pure info to your electricity and creating and transmitting such as for instance electricity, and also to acquire real and personal property and you will h2o and you can nutrient rights required for eg organization.