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ND HB1032

Bill

Official Source

Status

Introduced

1/8/2013

Primary Sponsor

Legislative Management

Click for details

Origin

House of Representatives

63rd Legislative Assembly

AI Summary

  • Adds a new subsection to North Dakota Century Code section 57-51.1-03 creating an exemption from the oil extraction tax
  • Exempts the activity of extracting oil from the earth when the oil is sold to and refined by a refinery located in North Dakota
  • Applies to taxable events occurring after June 30, 2013
  • Introduced by Legislative Management's Energy Development and Transmission Committee

Legislative Description

An exemption from the oil extraction tax; and to provide an effective date.

Last Action

Second reading, failed to pass, yeas 0 nays 94

1/17/2013

Committee Referrals

Finance and Taxation1/8/2013

Full Bill Text

No bill text available