HB 1483: AN ACT to amend and reenact subsection 4 of section 57-51.1-03 of the North Dakota Century Code, relating to the oil extraction tax rate reduction for oil produced from a new well drilled and completed outside the Bakken and Three Forks formations; to provide for a legislative management study; and to provide an effective date.
Topics
✗ Budget & TaxesOpposes Budget & TaxesBill reduces oil extraction tax rate for new wells outside Bakken/Three Forks, creating tax break for oil producers (wealthy entities), aligning with 'oppose' indicator of tax breaks primarily for wealthy.
✗ EnergyOpposes EnergyBill reduces oil extraction tax for new wells outside Bakken/Three Forks, directly incentivizing fossil fuel production over renewable energy development.
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Rep's Stance
✓ Voted Yes
✗ Opposes Energy