SB2336 — A BILL for an Act to amend and reenact section 57‑51.1‑02 of the North Dakota Century Code, relating to the oil extraction tax rate; and to provide an effective date.

SB2336 — A BILL for an Act to amend and reenact section 57‑51.1‑02 of the North Dakota Century Code, relating to the oil extraction tax rate; and to provide an effective date. · Informed CitizenryThis bill amends North Dakota Century Code section 57-51.1-02 to establish an excise tax on the activity of extracting oil from the earth. The tax rate is set at 5.5% of the gross value of the oil…Open in Informed Citizenry