Oil Prices Rebound Enough in May to Nullify Oil Production Tax Break Trigger

— 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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Oil Tax Trigger is Legislated Away, Goes to Governor

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

Oil Extraction Tax Reduction For New Wells Announced

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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Legislative Week: Common Core, Medical Marijuana, the First Oil Price Tax Trigger

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
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