North Dakota lawmakers are closer to saving you cash on your social security taxes.
House Bill 1174, was just passed minutes ago by the House—it now goes to the Senate for a vote.
The bill originally pushed to wipe out the state income tax on social security, costing the state more than $20 million.
North Dakota is one of just 2 states, that tax social security benefits at the full federal income level, plus, tax at the state level.
Today in a conference committee, the bill was amended to eliminate state taxes up to $50,000 for single filers and $100,000 for joint married filers.
Josh Askvig with A-A-R-P says this compromise gets the help to those who need it most.
“North Dakotans spoke up, they asked us to get engaged, they asked the legislature to take action, and we’re hopeful that over today and tomorrow and before the legislature adjourns, that they get this done and then we can move forward in 2020 seeing some relief for older North Dakotans on their social security benefits” says Askvig.
The bill means 7 million less with go into state tax coffers.
If both chambers pass the bill, about 30,000 North Dakota seniors would see a benefit.
