Key Votes

SB 2397 - Oil Well Tax Cut - Key Vote

North Dakota Key Votes

Stages

Family

Issues

Stage Details

Legislation - Signed (Executive) -

Title: Oil Well Tax Cut

Legislation - Concurrence Vote Passed (Senate) (35-11) -
Legislation - Bill Passed With Amendment (House) (63-26) - (Key vote)

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).
Legislation - Bill Passed (Senate) (33-13) - (Key vote)

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).
Legislation - Introduced (Senate) -

Title: Oil Well Tax Cut

Sponsors

Co-sponsors