Senate rejects income tax cut bill

2013-04-30T09:38:00Z Senate rejects income tax cut billBy NICK SMITH | Bismarck Tribune Bismarck Tribune

BISMARCK, N.D. _ The North Dakota Senate killed a bill with more than $350 million in individual and corporate income tax cuts on Tuesday.

Senators voted 12-35 to kill House Bill 1250. The bill had passed by a large majority in the House less than 24 hours before.

In its final form HB1250 contained $101 million in corporate income tax cuts and $251 million in personal income tax cuts.

Sen. Joe Miller, R-Park River, said passage of HB1250 would send a message that “North Dakota is ready to do business.” He went on to call it a responsible action for the people of the state.

“We must put money back in people’s pockets,” Miller said.

Sen. Dwight Cook, R-Mandan, said if passed the state will have enacted more than $1 billion in tax cuts in the current session. More than $700 million in property tax cuts are included in the K-12 funding formula, which is still in conference committee.

Cook said the Legislature will have passed income tax relief for the third consecutive session if HB1250 passed.

“It’s a trend we can sustain,” Cook said.

 

Reach Nick Smith at 250-8255 or 223-8482 or at nick.smith@bismarcktribune.com.

Copyright 2015 Bismarck Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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