HB1530 — A BILL for an Act to create and enact a new section to chapter 54‑11 and a new section to chapter 54‑27 of the North Dakota Century Code, relating to an income tax rate reduction fund and the transfer of legacy fund earnings; to repeal chapter 57‑38 of the North Dakota Century Code, relating to the income tax; to provide a continuing appropriation; to provide an exemption; and to provide an effective date.

HB1530 — A BILL for an Act to create and enact a new section to chapter 54‑11 and a new section to chapter 54‑27 of the North Dakota Century Code, relating to an income tax rate reduction fund and the transfer of legacy fund earnings; to repeal chapter 57‑38 of the North Dakota Century Code, relating to the income tax; to provide a continuing appropriation; to provide an exemption; and to provide an effective date. · Informed CitizenryHB1530 creates the legacy income tax rate reduction fund in the state treasury. The bill requires that 50% of legacy fund earnings transferred to the general fund at the end of each biennium be tra…Open in Informed Citizenry