Lawmakers agree to cut gambling taxesNorth Dakota lawmakers have agreed on a tax cut for charities that run gambling operations to raise money.
BISMARCK (AP) — North Dakota lawmakers have agreed on a tax cut for charities that run gambling operations to raise money.
Negotiators from the state House and Senate settled Thursday on a bill that replaces several gambling taxes with a 1 percent flat tax rate on wagers. Earlier, the House supported a 2 percent tax rate.
Charities will save an estimated $10.8 million over two years from the change. The new rate won’t take effect until Jan. 1. Most tax changes approved by the Legislature take effect July 1.
The measure increases the share of gambling money that cities and counties will get, and it requests a legislative study of the industry.
The House and Senate must now approve the changes to the bill. It is SB2042.