ND Legislature Approves Income and Corporate Tax Relief - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

ND Legislature Approves Income and Corporate Tax Relief

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Bismarck, ND -

North Dakota taxpayers and business owners will get income and corporate tax relief after all.

The State House gave the final approval today on a bill they have been holding onto for weeks.

It includes tax reductions of $200 million for income and $50 million in corporate taxes.

House members' yea votes comes just days after the Senate killed a $350 million income and corporate tax relief package.

Montpelier Representative Craig Headland says, "we passed a better tax bill it was better for the North Dakota citizens and although it is a good day for North Dakota, it's not as good as it could have been."

Headland says the tax relief will mean a rate reduction of 20% for income and 12% for corporate.

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