— Official News Release, ND Tax Commissioner — Tax Commissioner Ryan Rauschenberger provided a detailed summary of the current status of the North Dakota oil tax and oil tax incentives, better known as triggers, at a news conference today. “Our office has been watching the price of oil very closely,” said Rauschenberger. “It needed to
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The House approved Senate version of an amended oil tax bill that will do away with oil price tax triggers. The volatility of oil prices combined with the low-price trigger created a lot of uncertainty in forecasting revenues for North Dakota. Full story from Amy Dalrymple.
Read & Share sourced from: Grand Forks Herald
It’s official, the first oil-tax reduction price trigger has been reached. Full news release follows below. — Official News Release, ND Tax Commissioner — Tax Commissioner Ryan Rauschenberger announced an oil extraction tax rate reduction for new wells today at a news conference. This incentive, also known as the “small trigger,” took effect on February
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A couple controversial issues on the docket in Bismarck this week. AP Writer James MacPherson provides the rundown and more background at Bakken.com.
Read & Share sourced from: Bakken Magazine