SB 2397 - Oil Well Tax Cut - North Dakota Key Vote
Nancy Johnson voted Yea (Passage With Amendment) on this Legislation.
Timeline
- Executive Signed
- April 9, 2007
- Senate Concurrence Vote Passed
- April 3, 2007
- House Bill Passed
- March 30, 2007
- Senate Bill Passed
- Feb. 15, 2007
- Introduced
- Jan. 22, 2007
Related Issues
Stage Details
Title: Oil Well Tax Cut
Signed by Governor John Hoeven
Title: Oil Well Tax Cut
Vote Smart's Synopsis:
Vote to pass a bill providing a reduced tax rate of two percent for oil drilled in the Bakken formation in the western region of the state.
Highlights:
-Provides a reduced tax rate of two percent for the first 75,000 barrels of oil produced within the first eighteen months for wells completed in the Bakken formation by July 1, 2008 (Sec. 1).
Title: Oil Well Tax Cut
Vote Smart's Synopsis:
Vote to pass a bill that reduces tax rates for oil drilling.
Highlights:
-Reduces tax rates on oil drilled after June 30, 2008 from six and one-half percent to four percent (Sec. 1). -Provides a temporary tax rate reduction of two percent for the first fifteen months for vertical wells and the first two years for horizontal wells (Sec. 2).
Title: Oil Well Tax Cut