Tag Archives: oil taxes

North Dakota's Tax Revenues Did Not Actually Decline 46 Percent In The Third Quarter

North Dakota's Tax Revenues Did Not Actually Decline 46 Percent In The Third Quarter

Yesterday evening I wrote about a report from the Rockefeller Institute of Government, picked up by Reuters, which described North Dakota’s tax revenues as declining 46.7 percent in the third quarter of 2014 compared to the previous year. I was skeptical because the state’s monthly reports concerning general fund revenues have shown steady growth. The

Short-Sighted Democrats Treat Oil Tax Cuts Like Some Sort Of A Third Rail

Democrat Senate Minority Leader Mac Schneider isn’t on the ballot this year because he represents an even-numbered district. Thus, he’s free to play bomb-thrower for his party this cycle, and the bombs he’s been throwing have to do with efforts to reform the state’s taxes on oil production last session. To hear Schneider tell it,

Legislator: "Shame" That Tribes Won't Commit To Spending Oil Tax Money On Improving Reservation

The House had a hot debate over oil taxes this evening, but it wasn’t just about a reduction in the rate for the oil extraction tax (more on that here). The primary purpose of HB1234 was to establish the state’s oil revenue sharing with the tribes. It’s appropriate that tribal governments get a share of

Why In The World Is The State Of North Dakota Raising Taxes?

The State of North Dakota’s financial situation is the envy of the nation. According to the most recent revenue report from the Office of Management and Budget, total state revenues biennium to date are running 64.7% above last biennium. To put that in numbers, the state has collected $1.6 billion more in taxes so far

Oil Tax Cuts Fall Flat In North Dakota House

With no debate, outside of bill carrier Rep. Craig Headland explaining his committee’s “do not pass” recommendation for the bill, the most controversial tax bill before this legislature fell flat on its face in the state House today. The vote was 6-87. Taxes, I think most would agree, ought to be fair. Meaning they ought

ND Democrats Cooked Oil Production Numbers To Attack Tax Reform

Yesterday North Dakota Democrats sent out a press release (see below) making some wild claims about the fiscal impact of SB2336, which is a Republican bill to simplify and eventually lower oil taxes. According to the Democrats, SB2336 will “cost” the state billions in tax revenues. I have an objection to the idea that tax

Math-Challenged Democrats Call Republican Oil Tax Bill "Radical And Reckless" Based On Fraudulent Numbers

Because they apparently didn’t get a number that was shocking enough the first time they were grandstanding on this issue, North Dakota Democrats re-calculated the numbers (which in and of itself inspires no small amount of skepticism, their original figure was $596 million) and concluded that a Republican plan to restructure the state’s oil taxes

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