Tax Cuts Approved

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Tax Cuts Approved

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By Donnell Preskey, Assistant News Director - email

The North Dakota House approves the largest income tax reduction in state history.

But the aggressive tax cut package came with great debate.

The bill gives over $500 million in income and corporate tax breaks.

Democrats oppose the corporate tax reduction entirely saying 82% of the tax savings go to out of state businesses.

They also say the money earmarked for income tax cuts, which is $360 million, should go to property tax relief instead.

Democrats say North Dakotan's are not complaining about income taxes.

However, republicans say income taxes have grown at rates faster than projected and North Dakotan's deserve to keep more of their money.

Lawmakers say they expect to pass a combined $1 billion in tax cuts to North Dakotan's through property and income tax breaks.

Despite the lengthy debate the bill passed by a vote of 92-1.

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