Jack Dalrymple on Corporations
Cut corporate tax and income tax across the board
Excerpts from legislation: SB 2349: Reduces Individual and Corporate Income Taxes:
- Change highest bracket from $398,350 to $411,500 for individuals [and analogous for other brackets and categories]
A tax is hereby imposed upon the taxable income of every domestic and foreign corporation [at these new rates]:
- For the first $25,000 of taxable income: decrease the rate from 1.48% to 1.41%
On all taxable income exceeding $25,000, decrease the rate from 3.73% to 3.55%
- On all taxable income exceeding $50,000 decrease the rate from 4.53% to 4.31%.
Legislative outcome: Bill passed Senate 33-14 on Feb. 18; bill passed House 59-32-3 April 17; Governor Dalrymple signed April 23 !
Source: North Dakota legislative voting record on SB 2349
, Apr 23, 2015
Positive business climate results in ND leading US in growth
Leading economic indicators show that North Dakota's economy continues to grow and diversify as the state adds new jobs, increases wages and expands its domestic and international business interests.
North Dakota leads all other states in economic
growth, with a 7% increase in gross domestic product in 2010. Since 2000, North Dakota's GDP has grown by 90%.
These latest statistics help confirm that our efforts to create jobs and to sustain a positive business climate are getting results.
Source: N.D. 2011 gubernatorial press release, "N.D. Leads"
, Jun 9, 2011
2007: "Master Entrepreneur of the Year" Award
Dalrymple is a nationally recognized leader in value-added agriculture. He was the founding board chairman of Carrington-based Dakota Growers Pasta Company, the third-largest manufacturer and marketer of dry pasta products in North America. His work in
helping to found the company earned him the 2007 Ernst and Young Midwest "Master Entrepreneur of the Year" Award. Dalrymple serves as chairman of the North Dakota Trade Office and is past chairman of the National Lieutenant Governors Association.
Source: Official website, governor.state.nd.us/dalrymple,"Biography"
, Nov 2, 2010
Page last updated: Jul 14, 2017