North Dakota House rejects compromise on tax break for Social Security benefits
BISMARCK — The North Dakota House rejected a compromise bill creating a new income tax deduction for Social Security benefits Monday, April 22, sending legislative negotiators back to the drawing board.
As introduced, House Bill 1174 would have allowed people to reduce their North Dakota taxable income by the amount of any Social Security benefits included on their federal taxable income. It was estimated to cost $20.8 million in the next two-year budget cycle.
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