ND House defeats oil tax cut

February 15, 2011 at 6:00 pm in The Dickinson Press

BISMARCK (AP) North Dakota’s oil taxes should be left alone in the face of high oil prices and a drilling boom, the state House decided Tuesday.
Representatives defeated a proposed tax cut, sponsored by two Democratic lawmakers, that would have shaved North Dakota’s top oil tax rate from 11.5 percent to 9.5 percent on production from newly drilled wells. The vote was 76-18 against.
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