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ND SB2172
Bill
Status
3/27/2015
Primary Sponsor
Brad Bekkedahl
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AI Summary
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Amends section 57-51-14 to require the state treasurer to consider oil and gas gross production tax revenue as collections for the period in which the commissioner receives the revenue, applying this rule across chapters 57-51.1 and 57-51.2
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Amends section 57-51.1-06 to require the state treasurer to consider oil extraction tax revenue as collections for the period in which the commissioner receives the revenue, applying this rule across chapters 57-51 and 57-51.2
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Establishes that distributions and allocations by the state treasurer must use the timing of when revenue is received by the commissioner, rather than an alternative timing method
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Effective for revenues collected after July 31, 2015
Legislative Description
Allocation and distribution of the oil and gas gross production tax and the oil extraction tax pursuant to the distribution rules in place when revenue is received; and to provide an effective date.
Last Action
Signed by Governor 03/27
3/27/2015