ND HB1179

Changes terminology from "stripper well properties" to "stripper wells" throughout North Dakota Century Code sections relating to oil extraction tax exemptions.

Maintains stripper well production thresholds: 10 barrels per day for wells 6,000 feet or less in depth, 15 barrels per day for wells deeper than 6,000 feet but not exceeding 10,000 feet, and 30 barrels per day for wells deeper than 10,000 feet.

Authorizes the board of university and school lands to allow royalties of less than 12.5 percent for stripper well and qualifying secondary and tertiary recovery project production.

Requires industrial commission certification of stripper well status to be submitted to the tax commissioner within 18 months after the qualification period ends to receive tax exemptions.

Effective for taxable events occurring after June 30, 2013.