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Tax commissioner: homestead and veteran tax-credit expansions raised participation but funding is tight
Summary
Tax Commissioner Brian Krashes told legislators that the expanded homestead and disabled‑veteran credits and an increased Primary Residence Credit (PRC) have raised takeup; he warned PRC funding is tied to legacy‑fund earnings and the biennial appropriation is 'snug.'
Brian Krashes, North Dakota tax commissioner, briefed the Legislative Budget Section on recent changes to property‑tax relief programs and the operational steps the Tax Commission is taking to implement them.
Krashes summarized the Homestead Property Tax Credit, noting eligibility for the homestead program includes homeowners 65 or older or permanently and totally disabled with net household income at or below $70,000 (medical expenses can be deducted when calculating eligibility). He said expansions in recent sessions and demographic shifts have driven participation changes.
On veteran relief, Krashes…
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