I don't understand what this question is asking me:
Consider the collection of all polynomials (with complex coefficients) of degree less than $N$ in $x$.
Does this mean the polynomials like $$ Ax^{N-1},\ Bx^{N-2}, \ Cx^{N-3}, \ ...$$ where $A$,$B$,$C$ are complex coefficients? If so, when does this series end and what is its null vector?
The polynomials of degree less than $N$ with complex coefficients are given by $$\left \{\sum_{i=0}^{N-1} a_i x^i | a_i \in \mathbb{C}\right \} $$ The important thing is to note that a polynomial does not have negative powers of $x$.
This is as you have rightly stated a vector space (which can be visualised as $\mathbb{C}^{N}$). The null vector is the only polynomial which can be added to every other polynomial without changing this one - I leave that to you.
It surprises me, though, that you were not able to find this by a simple search on google ...