Bill
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.
69th Legislative Assembly (2025-26)
Introduced by Dick Anderson and 9 co-sponsors
North Dakota reduces oil extraction taxes for newly drilled wells outside major formations to incentivize drilling diversification while commissioning a study on fiscal outcomes.
Filed with Secretary Of State 04/17