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Key Votes

HB 1255 - Corporate Tax Rate Reduction - Key Vote

North Dakota Key Votes

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Stage Details

Legislation - Bill Failed With Amendment (Senate) (4-42) -
Legislation - Bill Passed (House) (57-36) - (Key vote)

Title: Corporate Tax Rate Reduction

Vote Smart's Synopsis:

Vote to pass a bill that restructures the tax brackets and tax rates so as to provide for a reduction for all domestic and foreign corporations operating in the state for taxable years beginning after December 31, 2008.

Highlights:
- Restructures the tax brackets and tax rates for all domestic and foreign corporations operating in the state as follows (Sec. 1):
    - Existing law:
      - 2.6 percent of income not over $3,000; - 4.1 percent of income over $3,000 but not over $8,000; - 5.6 percent of income over $8,000 but not over $20,000; - 6.4 percent of income over $20,00 but not over $30,000; and - 6.5 percent of income over $30,000.
    - New law:
      - 2 percent of income not over $25,000; - 5 percent of income income over $25,000 but not over $50,000; and - 6.1 percent of income over $50,000.
Legislation - Introduced (House) -

Title: Corporate Tax Rate Reduction

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