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Measure Details

Initiated Statutory Measure Relating to Individual and Corporate Income Tax

North Dakota Ballot Measure - Statutory Measure 2

Election: General Nov. 4, 2008 (General)
Outcome: Failed

Categories:
Budget, Spending and Taxes
Government Operations
Business and Consumers

Yes
91,412
(30.27%)

No
210,598
(69.73%)

Summary

This initiated measure would amend sections 57-38-30 and 57-38-30.3 of the North Dakota Century Code by lowering the state corporate income tax rates by fifteen percent and the adjusted individual income tax rates by fifty percent for tax years beginning after December 31, 2008.

YES – Means you approve the measure as summarized above.
NO – Means you reject the measure as summarized above.

Analysis of Initiated Statutory Measure No. 2

Statutory Measure No. 2 was placed on the ballot by petitions circulated by a sponsoring committee. If approved, it would amend sections 57-38-30 and 57-38-30.3 of the North Dakota Century Code.

For tax years beginning after December 31, 2008, this initiated measure would lower the state corporate income tax rates by fifteen percent and the adjusted state income tax rates for both resident and nonresident individuals, estates, and trusts by fifty percent, except for one taxpayer bracket where the reduction would be forty-five percent and for two other brackets where $10,400 and $58,000 of income would not be taxed.

Voting “YES” means you approve the measure as summarized above. Voting “NO” means you reject the measure as summarized above.

Measure Text

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