N.D. oil taxes bill draws criticism from industry group

03/12/2013 | Jamestown Sun (N.D.)

A North Dakota industry group criticized a bill in the state's House of Representatives that seeks to streamline and simplify oil taxes, arguing it is a complicated and costly measure for energy firms. The bill would boost the effective tax rate for drillers by at least 1% and increase as production grows, said Ron Ness, president of the North Dakota Petroleum Council. "All we want is a clean, simple and fair tax policy," Ness said.

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Jamestown Sun (N.D.)

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