Associated Press, Published January 15 2013
ND lawmakers to consider tax exemption for natural gasBISMARCK — More than one-third of natural gas produced in the state goes up in smoke as wasted byproduct of oil production.
The House Taxation and Finance Committee is slated to discuss a bill Tuesday that would give energy companies a tax exemption if they utilize or capture natural gas.
Oil companies in North Dakota already can flare natural gas for a year without paying taxes or royalties on it.
Copyright 2013 The Associated Press.