An Act to amend 4 CMC $ 1708 to ensure equitable treatment between landowners who receive public land from the government in exchange for their private land and those who receive cash compensation from the government in exchange for their private land; and for other purposes (P.L. 12-16).

This Act introduces a 100 percent tax reduction for persons that received cash compensation by the Commonwealth Government in exchange of transfer of the title in their land to the Government. Other landowners that exchanged their land for publicly-owned land were not required to pay taxes on the transfer. This Act remedies the unequal treatment prescribed by previous legislation.