Senate Kills Income/Corporate Tax Cut Proposal - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

Senate Kills Income/Corporate Tax Cut Proposal

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Bismarck, ND -

The North Dakota Senate kills an income and corporate tax relief package one day after the House approved the bill.

House Bill 1250 provided $251 million in income tax cuts and $100 million in corporate tax cuts.

But as Donnell Preskey reports, the Senate feels that level or tax relief is just too much.

The Senate does not agree with the House when it comes to income and corporate tax cuts.

The Senate didn't like the House bill when it had $500 million of cuts and the Senate still doesn't support it today at $352 million.

There was not much debate on the bill before Senators voted to defeat it.

"This represents a 25% tax cut from last year. I think this is a proper and necessary step for not only growth, and personal freedom but for also keeping state government responsible with our dollars," says Park River Republican Joe Miller.

"We are going to reduce income and corporate taxes for the third session in a row, that is a bold statement. That is the trend we have established here," says Republican Dwight Cook of Mandan.

Now Senate bill 2156 is still alive and includes $250 million in income and corporate tax cuts. That's in the House still waiting for it's first vote in that chamber.

Senator Cook says he's confident the House will pass 2156.

"The way we are looking at going home now is with $750 million in property tax relief and $250 million in income and corporate tax relief. I think as far as this chamber goes, that is the right balance," says Cook.

The legislature has 4 days left to act and is still working on 40 bills.

The Senate defeated the bill 35-12.

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