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N.D. Petroleum Council to push for changes to oil extraction tax

Published 12/26/2010, The Forum

The final days of the last session of the North Dakota Legislature were filled with drama over the price of oil. Mere pennies could have meant the difference of millions of dollars available for state coffers under a complex tax formula. Now, two years later, the oil and gas industry will ask legislators to revamp the oil extraction tax, an important source of funding for water projects and education.

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