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Hoeven Signs $118.6 Million, Broad-Based Tax Relief Package

Press Release

Date: May 1, 2007
Location: Fargo, ND
Issues: Government Budget and Spending

Gov. John Hoeven today was joined by legislators and local officials to sign Senate Bill 2032, a $118.6 million, broad-based tax relief package for the people of North Dakota.

"With our aggressive economic development efforts, we are growing and diversifying North Dakota's economy," Hoeven said. "A growing economy not only makes more opportunities available for our citizens, but also enables tax relief."

"Back in September, we proposed a property tax relief plan to ease the burden of rising taxes for homeowners, farmers, ranchers and businesses," Hoeven said. "Working with legislators, we passed a bill that provides a 10 percent income tax reduction against property taxes across the board. This measure, as well as additional financial assistance to counties for schools, State Aid Distribution, oil and gas revenues, social services and other expenses adds up to real tax relief for our citizens."

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