The full North Dakota Legislature meets for 80 legislative days every odd-numbered year. The 64th Assembly ended April 29, 2015, with some significant small-business victories. The next regular session of the Legislature will convene Jan. 3, 2017. There are interim legislative committee meetings in between.
Passed an apportionment of taxable income
This new law allows businesses that apportion income to voluntarily elect to use a single-sales factor. The measure allows North Dakota corporations to choose under which formula (three-factor apportionment or sales) they will be taxed. The election is binding for five consecutive tax years, and qualifying pass-through entities could also make the sales-only election. The bill was amended to include a stepped-in process that would include double weighted sales in 2015-2017, triple weighted sales in 2017-2019, and a single sales factor in 2019 and beyond.
Won a balanced federal budget resolution
Led by NFIB Leadership Council member Rep. Mark Dosch, North Dakota became the 27th state to pass a formal application to Congress calling for a convention for the sole purpose of proposing an amendment to the Constitution of the United States requiring a balanced federal budget. Congress has placed the American people in an unconscionable position of being responsible for a debt it did not have to create. The North Dakota Legislature meets every two years and is required by its constitution to balance its budget. If North Dakotans can get the job done in 80 days or less every other year, then a Congress that meets year round should be held to at least the same standard. The resolution was HCR 3015.
Defeated a resolution to increase the federal minimum wage to $10.10 an hour
NFIB/North Dakota succeeded in reminding legislators that the minimum wage is an entry-level wage, earned primarily by teens and young adults starting out on their work lives, and that increasing it only eliminates opportunities to enter the workforce.