North Dakota could become the first state to eventually end property taxes on people’s homes under a proposal from the state’s new governor that combines conservative fiscal policy with the state’s enormous oil wealth.

North Dakota Governor Kelly Armstrong has proposed a plan to phase out property taxes for primary residences, leveraging the state’s oil revenue.

The plates would have a black background and white letters and numbers, similar to what the State of Minnesota rolled out last year.

North Dakota may soon become a pioneer in eliminating property taxes on homes, under a proposal by Republican Governor Kelly Armstrong. His plan, utilizing $483 million from the state's general fund and part of the earnings on the state's $11.