HB1483 — AN ACT to amend and reenact subsection 4 of section 57-51.1-03 of the North Dakota Century Code, relating to the oil extraction tax rate reduction for oil produced from a new well drilled and completed outside the Bakken and Three Forks formations; to provide for a legislative management study; and to provide an effective date.

HB1483 — AN ACT to amend and reenact subsection 4 of section 57-51.1-03 of the North Dakota Century Code, relating to the oil extraction tax rate reduction for oil produced from a new well drilled and completed outside the Bakken and Three Forks formations; to provide for a legislative management study; and to provide an effective date. · Informed CitizenryHB1483 amends the North Dakota Century Code to modify the oil extraction tax rate for oil produced from new wells drilled and completed outside the Bakken and Three Forks formations. The bill incre…Open in Informed Citizenry