Majority of House Lawmakers Vote to Eliminate Price-Based Oil Tax Breaks

April 21, 2015 12:39 PM

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Majority of House Lawmakers Vote to Eliminate Price-Based Oil Tax Breaks

Majority of votes, i.e. 57-32, were cast by house lawmakers on Monday to eliminate price-based oil tax breaks and reduce tax on oil extraction.

House Bill 1476 that introduced on Friday would remove large trigger exemption on the oil extraction tax. Rep. Mary Schneider, D-Fargo, was amongst many House members raising concerns about the bill’s late introduction on Day 70 of the 80-day session.

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