This concurrent resolution encourages North Dakota's State Treasurer and State Investment Board to consider allocating portions of three specific state funds - the general fund, budget stabilization fund, and legacy fund - toward investments in digital assets (like cryptocurrencies) and precious metals. It cites inflation concerns and the need for investment diversification to protect the state's financial resources. The resolution is non-binding and serves only as a recommendation to the Treasurer and Board, not a mandate requiring specific investment actions. It does not alter existing investment rules or create new state obligations.
SB 2286 proposes authorizing the University of North Dakota (UND) to borrow up to $55 million through a line of credit from the Bank of North Dakota during 2025-2027, with interest capped at rates for state entities. It also appropriates $95 million in one-time funding for UND to construct a new health sciences facility at its School of Medicine and Health Sciences. The facility aims to expand health workforce capacity in areas like behavioral health and wellness, while supporting research and academic programs. The bill failed to pass in the legislature on April 8, 2025, with 6 votes in favor and 87 against.
Relating to a motor vehicle excise tax exemption for abandoned motor vehicles; and to amend and reenact subsection 2 of section 23.1‑15‑07 of the North Dakota Century Code, relating to excise tax on a motor vehicle taken into the custody of a commercial towing service.
HB 1268 would require human service zones in North Dakota to mandate drug testing for parents whose drug use contributed to a child's out-of-home placement (e.g., foster care). Parents would need to pass a test before resuming unsupervised visits with their child, with additional testing allowed for safety planning. The bill excludes marijuana from this requirement and allocates $100,000 from the general fund for testing costs during the 2025-2027 biennium. This bill failed to pass in the legislature (6-39 vote) and remains a proposed measure, not current law.
HB 1381 revises North Dakota's school funding formula to determine state aid for public school districts. It establishes a baseline funding amount using 2017-18 revenue data (including property taxes, tuition, mineral revenue, and other specific income sources) and calculates per-student funding based on this baseline. Starting in the 2023-24 school year, the bill requires a 40% reduction in excess funding for districts exceeding the baseline, with annual reduction increases of 15% until the baseline per student matches the state's fixed payment rate. This affects all North Dakota public school districts by changing how their state aid is calculated and potentially reducing funding for those with higher historical revenue.
Relating to income tax rates for individuals, estates, and trusts and the marriage penalty credit; to repeal section 57‑38‑01.28 of the North Dakota Century Code, relating to the marriage penalty credit; and to provide an effective date.
HB 1183 requires North Dakota's state treasurer to invest at least 1% of general fund money in gold or silver bullion, coins, or approved investment instruments, held directly or through a qualified custodian. It mandates the treasurer to develop management policies for these investments and conduct a study on their costs and benefits - including inflation and economic stability impacts - reporting findings to lawmakers by June 2026. The investment rule would take effect on July 1, 2027, while the study must be completed during the 2025-26 legislative interim. The bill directly affects how the state treasurer manages state funds and requires specific reporting on gold/silver investments.
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.
HB 1244 would create a North Dakota income tax credit for parents who home-educate their children. It allows taxpayers to claim a credit of up to $10,000 per qualifying child annually (or $5,000 for married filers filing separately) for qualified educational expenses like books, tuition, computers, and software. To qualify, the child must be a dependent under 19, home-educated under North Dakota law, and the expenses must be directly related to home education. The credit would apply to taxable years beginning after December 31, 2024, and cannot exceed the taxpayer’s total income tax liability. This bill directly affects North Dakota parents who homeschool their children and choose to claim this tax benefit.
HB 1438 appropriates $1.1 million from North Dakota's general fund for a historic theater restoration grant program administered by the state historical society. The program provides grants to organizations restoring historic theaters located in cities with populations exceeding 100,000, requiring recipients to secure matching funds from nonstate sources on a dollar-for-dollar basis. Funding is available for the biennium starting July 1, 2025, and ending June 30, 2027, and is designated as one-time funding. This bill directly affects eligible theater restoration organizations in qualifying cities through targeted grant support for preservation efforts.
