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Issue · Budget & Taxes

Budget & Taxes (Business Taxes)

Every budget & taxes bill, vote, and legislator stance in North Dakota, automatically classified by Maddy, our AI policy reader.

ND Legislature US Congress
Total bills
1
69th Legislative Assembly (2025-26)
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Showing 1 of 1 bills

All budget & taxes bills

passed both · North Dakota · House Mar 11, 2025

HB 1379: A BILL for an Act to create and enact a new subdivision to subsection 1 of section 57-38-01.3 and a new subdivision to subsection 2 of section 57-38-30.3 of the North Dakota Century Code, relating to a personal and corporate income tax adjustment for capital gains from the sale of bullion; and to provide an effective date.

HB 1379 would create a tax deduction for North Dakota residents and businesses selling qualifying gold or silver bullion. It allows taxpayers to reduce their taxable income by the profit (capital gain) from selling bullion that meets specific purity standards (999 parts per 1,000). The bill defines "bullion" as refined precious metal where value depends on metal content, not form, and applies only to gains included in federal taxable income. This change would apply to tax years beginning after December 31, 2024, if enacted. The bill failed to pass in March 2025.
Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax deduction for capital gains on bullion sales, reducing taxable income and providing tax relief per bill's explicit tax adjustment language.95% confidence
Sub-Topics Business Taxes Income Tax