North Dakota House defeats bill to increase oil extraction tax
BISMARCK — The North Dakota House defeated a bill on Friday, Feb. 8, to increase the oil extraction tax, the second such proposal that has failed during this legislative session.
House members voted 76-12 against a bill that would have raised the oil extraction tax from 5 percent to 6.5 percent.
Rep. Pamela Anderson, D-Fargo, said she introduced House Bill 1449 to restore the tax to the level it was before legislators reduced it in 2015. The bill was estimated to provide about $600 million in additional revenue for 2019-21.
Republican opponents argued the oil tax overhaul in 2015 also removed price-based tax breaks for the industry, which has led to the state collecting an additional $942 million from the oil industry since 2016.
A similar bill failed in the Senate.
https://www.inforum.com/news/government-and-politics/966836-North-Dakota-House-defeats-bill-to-increase-oil-extraction-tax
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