Legislature & Renaissance Zones

The North Dakota Legislature has been reviewing business development and incentive tools during their current session.  Most notably, House Bill 1182 and Senate Bill 2166 could make significant changes to Renaissance Zone Programs and economic development tools.

House Bill 1182 would remove the Renaissance Zone Program state income tax exemption from leasehold projects.  Senate Bill 2166: A BILL for an Act to create and enact a new subsection to sections 40-58-20 and 40-63-03 of the North Dakota Century Code, relating to a prohibition on property receiving benefits from both a renaissance zone and a tax increment financing district.

State of ND Renaissance Zone Program: http://www.communityservices.nd.gov/communitydevelopment/Programs/RenaissanceZoneProgram/

To track bills, visit: http://legis.nd.gov/