Tag Archives: oil tax revenues

Why Can’t North Dakota Democrats Stop Lying About Oil Tax Revenues?

Why Can’t North Dakota Democrats Stop Lying About Oil Tax Revenues?

During the 2015 legislative session state lawmakers made two changes to North Dakota’s oil tax code. First, the eliminated an enormous extraction tax exemption which kicked in when oil prices were low, almost cutting the combined oil extraction and production tax in half. Second, the lowered the extraction tax from 6.5 percent to 5 percent.

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