ND Legislator proposes bill to freeze income tax for 2 years - Valley News Live - KVLY/KXJB - Fargo/Grand Forks

ND Legislator proposes bill to freeze income tax for 2 years

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A Minot legislator is proposing a bill that would freeze North Dakotan's income tax for two years Representative Scott Louser says if passed, the bill would lower the tax burden on citizens.

 So just how much would one save if the bill were to pass? Well, if you're a family of 4, with a $100,000 income and assume the standard deductions would still take place, you would save approximately $1,634 dollars a year. A family of four making $200,000 would save around $4,041 dollars a year. $300 a year would make it eight thousand one hundred and seventy one dollars. "For the state, I know were projecting over a billion dollars of revenue of the next 2 years so if you look at it at a state perspective that money would no longer be there. For the individual, they would just have to look at their pay stub and the tax would no longer be there," says Minot Representative Scott Louser.

 The bill will be heard Monday morning in the Finance and Tax committee in the house.

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