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Where oil tax money goes

Published 03/15/2009

- Oil tax structure: North Dakota has two primary taxes on oil, a 5 percent production tax and a 6.5 percent extraction tax. Both are applied to the oil’s value when it is pumped. They have raised $689.2 million from July 1, 2007 — when the state’s current two-year budget period began — through Feb. 28, 2009.

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