Tag Archives: fix the tax

Fix The Damn Oil Tax Already

Fix The Damn Oil Tax Already

On the 70th day of the state’s 80 legislative session Republican leaders in the House and Senate have proposed a major reform to oil tax policy. Already it is being met anger from partisan Democrats hoping to inflame the public’s hatred for “big oil,” but it’s time to cut through that nonsense. It’s time to

North Dakota Could Have Avoided Revenue Headaches With Oil Tax Reform

Yesterday the state got some ugly news in the form of a forecast showing another $1 billion drop in tax revenues (that coming on top of a previously-released forecast in January showing a $5.5 billion drop from December). Most of the problem is oil prices (though the agriculture industry has had some tough sledding of

Interview: Senator Dwight Cook Introduces Major Oil Tax Reforms

Today Senator Dwight Cook introduced SB2336 (not available online yet) proposing several major changes to North Dakota’s oil taxes. He took a few minutes to talk with me about the changes after a press conference with House Majority Leader Al Carlson and Senate Majority Leader Rich Wardner announcing them. Here are the specifics of the

North Dakota's Oil Tax Must Be Fixed

The Bismarck Tribune sounds a note on energy taxation and regulation that legislators ought to heed: Although the state has become comfortable with surplus revenues from oil and gas (make that expectant of surpluses), the Legislature needs to take a methodical and well-reasoned approach to any long-term financial commitments. It’s not likely oil production will

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