NDPC Analysis: HB1189 - Corporate Income Tax Cut
Friday, February 04, 2011
by Brett Narloch

North Dakota State Representative Craig Headland introduced HB1189, which would amend North Dakota's corporate income tax structure to create one bracket, leaving the first $75,000 of income untaxed and taxing anything above that threshold at 5%.

Corporate income tax collections in North Dakota have been soaring in recent years. Between the 1999-01 and 2007-09 bienniums, collections rose 142%.

According to the Tax Foundation, if HB1189 became law, only 3 states would have a lower top rate, if you only look at states that have a corporate income tax, signifying that North Dakota is open for business.