Tag Archives: oil tax

North Dakota Oil Tax Revenues Beat Forecasts by 42 Percent in February, up 15 Percent in the Budget Cycle

North Dakota Oil Tax Revenues Beat Forecasts by 42 Percent in February, up 15 Percent in the Budget Cycle

Democrats have been trying to make an issue out of Republican oil tax reforms passed during the 2015 legislative session. To hear them tell it, the reforms were a give away to the oil industry. Something which has contributed to the state’s budget headaches of the current biennium (despite the fact that the reforms resulted

Democrats Announce Initiated Measure to Implement Even Larger Tax Hike on the Oil Industry

According to this table, obtained from Tax Commissioner Ryan Rauschenberger, the State of North Dakota has collected more than $1 billion in additional revenues from the oil industry thanks to the tax reforms passed by Republicans back in 2015. Those reforms eliminated a massive tax break triggered by low oil prices and lowered the overall

Only Democrats Could Describe a Billion Dollar Tax Hike as Though It Were a Tax Cut

From the “if you repeat a lie often enough people will believe it” department, consider this letter to the editor from former Democratic state lawmaker Ben Vig. In it Vig blames Republican lawmakers for creating a “budget conundrum.” That’s true, as far as it goes. Majority Republican lawmakers grow state government too far and too

File Photo: Flares and lights from oil wells dot the horizon on the Fort Berthold Indian Reservation, just over the Missouri River from New Town, North Dakota November 1, 2014. REUTERS/Andrew Cullen/File Photo

Double Taxing the Oil Industry Is a Good Way for the Three Affiliated Tribes to Lose a Lot of Money

UPDATE: A reader points out that the Three Affiliated Tribes owns their own oil development company called Missouri River Resources. That seems like a very big conflict of interest. A tribal-owned oil company is going to be operating at a distinct advantage under a dual state-and-tribal tax regime. Back during their 2015 session North Dakota lawmakers removed

Former Democratic state Senator Mac Schneider, pictured here in 2015 with state Rep. Corey Mock looking on.

There Is No Version of Reality in Which a $600 Million Tax Hike Is Really a Tax Cut

Democrats really, really want “Republicans cut taxes for big oil” to be a viable part of their political platform heading into the 2018 election cycle. The big obstacle they face is that it isn’t a true statement. What they’re hoping is that if they just keep repeating the claim, over and over again, the public

North Dakota Governor Jack Dalrymple, left, announces on 7-13-2016 his decision to call for a special legislative session for Aug. 2, 2016 from Memorial Hall in the state Capitol in Bismarck, North Dakota. In the background is House Majority Leader Al Carlson, R-Fargo, left, and Senate Majority Leader Rich Wardner, R-Dickinson. (Mike McCleary / Bismarck Tribune)

Democrats May Introduce Bill to Raise Oil Tax During Special Session

On Tuesday next week North Dakota lawmakers will convene in Bismarck for a special session called earlier this month by Governor Jack Dalrymple. The proceedings will kick off with an address from Dalrymple at 9:30am, at which point he’ll apparently lay out what his specific priorities are for fixing the budget shortfall which necessitated the

House Minority Leader Kenton Onstad speaks at the capitol in Bismarck as Senator Mac Schneider, right, looks on.

North Dakota Democrats Spread Wildly Inaccurate Information About Oil Tax Collections

Yesterday Governor Jack Dalrymple announced that he would be calling state lawmakers back to Bismarck for a special session to run from August 2-4. This move has prompted a lot of criticism of Republican handling of budget issues, some of it fair and some of it not so fair. One consistent talking point I’ve heard

Dwight Cook: North Dakota Democrats Rewriting History On The Oil Tax

The famous sociologist and politician Daniel Patrick Moynihan once said, “Everyone is entitled to their own opinion, but not their own facts.” These words were never more appropriate than in reference to the recent column by State Sen. Jim Dotzenrod, D-Wyndmere. Dotzenrod would have readers believe that the 2015 Legislature cut oil taxes, but nothing

oil tax

Tribal Opposition To New Oil Tax Code Is Perplexing

News this morning is that, after state lawmakers reformed North Dakota’s obscenely byzantine oil tax into a flatter and slightly lower rate earlier this year, the leadership of the Three Affiliated Tribes on the Fort Berthold Reservation are balking at signing a new tax agreement with the state. The current agreement expires at the end

Top