ND SB2384

Legislative Description

Introduced by Rep. Glassheim, Hawken, Mock A BILL for an Act to create and enact a new subsection to section 57-51.1-03 of the North Dakota Century Code, relating to an oil extraction tax exemption for costs of enhanced production that increases production from an oil well to the extent the well loses stripper well status; to amend and reenact subsection 4 of section 38-08-04, subsection 10 of section 57-51.1-01, subsection 1 of section 57-51.1-03.1, and section 57-51.1-06 of the North Dakota Century Code, relating to annual determination of stripper well status under the oil extraction tax and deposits in the enhanced oil recovery fund; and to provide an effective date.

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Committee Referrals