Friday, May 1, 2009

ND takes Initative to Give Across the Board Tax Breaks

Apr 30 2009 7:08PM
KXMBTV Bismarck

With this... everyone in North Dakota gets lower taxes...

Governor John Hoeven signs what's being called "historic" tax relief into law...

Lawmakers passed the $400 million dollar property and income tax relief package Wednesday.

Hoeven says this is the first time the state has reduced ALL tax rates.

$295 million will reduce your property taxes.

$90 million will reduce your income taxes and $10 million will lower corporate income taxes.

The tax cuts will benefit all taxpayers homeowners, renters, businesses, farmers and ranchers...

(Cook) "We're going to send a message to the hardworking people of ND who do their job and keep the economy running on all 8 cylinders. But we're also sending a message to friends and neighbors in other states that if you're getting tired of government that continues to burden you with higher taxes, then maybe North Dakota is a great place to come work, live and raise a family."

The tax relief package makes North Dakota's income tax rates one of the lowest in the nation.

The Corporate tax cuts make North Dakota more business friendly. watch the video | save this article / add to your favorites list

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