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ND HB1198
Bill
Status
1/10/2011
Primary Sponsor
Shirley Meyer
Click for details
AI Summary
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Amends North Dakota Century Code section 57-51-15 to modify the allocation of oil and gas gross production tax revenues between counties and the state general fund through a tiered system based on production levels.
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For Fort Berthold Reservation oil and gas production, county allocations are calculated based on the entire amount of state and tribal taxes collected, with the state general fund allocation reduced accordingly and the Three Affiliated Tribes receiving allocation under chapter 57-51.2 without reduction.
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State Treasurer must calculate amounts counties would have received during the 2009-11 biennium under the new formula and transfer those amounts to affected counties during the 2011-13 biennium by deducting from state general fund allocations.
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Act is retroactively effective for taxable events occurring after June 30, 2009, with permanent effectiveness for taxable events occurring after June 30, 2011.
Legislative Description
Allocation to counties of a portion of the state's share of oil and gas gross production tax revenues from production within the Fort Berthold Reservation; to provide for retroactive application; and to provide an effective date.
Last Action
Second reading, failed to pass, yeas 34 nays 58
2/15/2011