Finance and Taxation

HB 1379 would create a tax deduction for North Dakota residents and businesses selling qualifying gold or silver bullion. It allows taxpayers to reduce their taxable income by the profit (capital gain) from selling bullion that meets specific purity standards (999 parts per 1,000). The bill defines "bullion" as refined precious metal where value depends on metal content, not form, and applies only to gains included in federal taxable income. This change would apply to tax years beginning after December 31, 2024, if enacted. The bill failed to pass in March 2025.

Relating to the creation of a tobacco tax distribution behavioral health fund and the collection, transfer, and report of a tax on electronic smoking devices and alternative tobacco products; to amend and reenact sections 57‑36‑01, 57‑36‑25, 57‑36‑26, 57‑36‑31, and 57‑36‑32 of the North Dakota Century Code, relating to the tax imposed on cigarettes and other tobacco products; to provide a penalty; and to provide an effective date.

Relating to the health care professional student loan repayment program; and to provide an appropriation.

Relating to a property tax credit for property used as a primary residence and calculation of individual income tax based on general fund revenues; to amend and reenact subsection 1 of section 57‑38‑30.3 of the North Dakota Century Code, relating to the imposition of a flat income tax rate for individuals, estates, and trusts; to provide an effective date; and to provide an expiration date.

Relating to an oil extraction tax rate reduction on production from a restimulation well; to amend and reenact sections 57‑51.1‑01 and 57‑51.1‑03.1 of the North Dakota Century Code, relating to the definition and certification of a restimulation well; and to provide an effective date.