ND Senate Panel Rejects Proposal to Cut Oil TaxesA North Dakota Senate panel doesn't like a proposal to reduce the state's oil taxes in exchange for higher oil production.
By: Associated Press,
BISMARCK, N.D. (AP) — A North Dakota Senate panel doesn't like a proposal to reduce the state's oil taxes in exchange for higher oil production.
House Republican majority leader Al Carlson of Fargo has been backing the plan. It would reduce North Dakota's top oil tax rate in stages, from 11.5 percent to 9 percent. The lowest 9 percent rate would be reached if North Dakota's oil production doubled to 700,000 barrels a day.
Carlson wanted the proposal attached to another oil tax bill. But the Senate's Finance and Taxation Committee refused to do that Monday. The panel endorsed the bill without making the changes Carlson wanted.
Mandan Sen. Dwight Cook is chairman of the committee. He says the timing isn't right for Carlson's proposal and there is little Senate support for it.