Senators Debate Tax Relief Package - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

Senators Debate Tax Relief Package

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Does the state's surplus mean it's collecting too much from North Dakotan's?

North Dakota Senators debate if corporate and income tax reductions should be included in the tax relief package.

One of the big issues North Dakota lawmakers still have to work out is one that will keep more money in your wallet...

The Senate has scaled back the cuts to income and corporate taxes.

The Senate's version now looks similar to Governor Dalrymple recommended but is $375 million lower than what the House proposed.

Donnell Preskey has the latest on the plan to reduce corporate and income taxes.

<< A bill to supplement tax relief for North Dakotan's got lots of debate in the ND Senate today.

Senators passed a bill reducing income and corporate taxes.

House Bill 1250 gives $100 million in income tax cuts and $25 million in corporate tax cuts.

Most of the debate centered around the question, would North Dakotan's rather have that $125 million go towards additional property tax relief.

Democratic Senator Mac Schneider of Grand Forks says, "The cuts to income and corporate taxes, I'm not going to say that there aren't North Dakotan's out there who want to see that happen but I think it's secondary to the support for cutting property taxes."

"I think $200 million or $190 million is the right amount to leave in the taxpayers pocket," says Republican Senator Dwight Cook.

"We have an abundance of money coming into the state's treasury. We need to do what's right and keep it in the pockets of North Dakotan's," says Republican Senator Joe Miller of Park River.

It has been the legislature goal of sending $1 billion back to North Dakotan's in combined tax relief. >>

House bill 1250's next move it to conference committee.

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