Exemption or Tax Credit under the North Dakota Form

Instructions and help about Exemption Or Tax Credit Under The North Dakota

[Music] good morning everyone welcome back into North Dakota today we have a very special guest joining me this morning North Dakota Tax Commissioner Brian Croce is joining me to talk about our state's tax credits welcome commissioner well thank you it's good to be on yes it's great to have you so we're really talking mostly about the homestead tax credit correct uh that is correct during this past legislative session lawmakers expanded the credit so more individuals in the state 65 years of age and older would be the criteria are now eligible to get a credit and it's really a deduction from their property tax values which then equates to lower taxes in terms of what they pay on the statement definitely so can both let's say that you live in a household with two people can both people apply for this or just one uh it's one one credit per household and it's based on household income so when we have two individuals in a household typically uh or at least oftentimes that is the case the t