North Dakota Bill Would Lower Oil Tax

The North Dakota legislature is considering a bill that would lower state oil taxes from 11.5 percent to 9.5 percent for newly drilled wells. The ND House Finance and Taxation Committee reviewed the bill today. According to the state Tax Department, the proposed legislation would mean a reduction of up to $371 million in taxes over two years.

http://www.bismarcktribune.com/news/local/govt-and-politics/2011_session/article_50cf7118-2d5b-11e0-a8f5-001cc4c03286.html