Tag Archives: oil trigger

oil tax

Be Thankful North Dakota Democrats Didn't Get Their Way On Oil Tax Reform

Be Thankful North Dakota Democrats Didn't Get Their Way On Oil Tax Reform

We’re past Thanksgiving, but here’s something you can be thankful for anyway: That Democrats didn’t get their way when they emptied their rhetorical silos in furious opposition to oil tax reforms earlier this year. The Republican majority in the state Legislature pushed through reforms to the state’s oil taxes in the 2015 session which ended

Video: House Passes Oil Tax Trigger Reform

This morning the House Finance and Taxation Committee heard testimony on HB1476, which would eliminate the looming “big trigger” oil tax exemption and replace it with a flat and permanent 4.5 percent extraction tax. The committee kicked it out with a party-line 10-4 “do pass” recommendation, and the full House got a vote on it

Democrat Budget Proposal Should Have Begun With An Apology On Oil Taxes

You have to hand it to North Dakota Democrats. What they lack in electability they make up for in chutzpah. Yesterday a group of Democrat lawmakers got together and called for the state to create two budgets in the face of revenue uncertainty caused by falling oil prices. “Senate Minority Leader Mac Schneider referred to a

Sen. Lonnie Laffen: Democrats Doomed Meaningful Oil Tax Reforms

The North Dakota legislature will grapple with many challenging issues during the upcoming session. Issues of infrastructure, tax relief, and education top the list. While not as top-of-the-mind as these perennial legislative debates, perhaps the most daunting challenge will be what, if anything, to do about our state’s oil tax structure. Put into place in

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