A BILL for an Act to amend and reenact subsection 3 of section 15.1-27-02, sections 15.1-27-04.1, 15.1-27-04.2, and 57-15-01.1, paragraph 3 of subdivision e of subsection 1 of section 57-15-14, section 57-15-14.2, and subdivision c of subsection 1 of section 57-20-07.1 of the North Dakota Century Code, relating to the determination of state aid payments, state aid minimum local effort, the protection of taxpayers and taxing districts, voter approval of excess levies in school districts, school district levies, and contents of the property tax statement; and to provide an effective date.

The statute section number was changed from 25.1333.03000 to 25.1333.04000 to reflect the bill's progression through the legislative process.

The bill title was updated from 'First Engrossment' to 'Second Engrossment' to indicate it has been amended and reintroduced.

Removed entirely a new property tax credit section for qualifying farmland or ranchland that would have provided up to $1,550 in tax credits to agricultural property owners.

Added requirements for school districts to file taxable valuation and mill levy certifications with the superintendent of public instruction by December 15th, with state aid payments withheld if not filed on time.

Modified school aid calculation methods by establishing baseline funding based on 2018-19 state aid and 2017-18 revenue data, including specific exclusions for certain tuition and revenue types.

Added effective date provisions and retroactive application notes for school funding calculations through June 30, 2025.

Removed eligibility criteria for agricultural property owners including definitions of farming operations, ownership requirements, and application procedures for tax credits.

Changed bill numbering from 25.1333.02000 to 25.1333.03000 and updated bill title to reflect amendments rather than new sections.