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N.D. LEGISLATIVE NOTEBOOK: Oil-extraction tax exemption unfavorable

Published 01/14/2013, Forum News Service

Legislation providing a tax exemption for oil companies who have their oil refined in North Dakota got a cool reception Monday. House Bill 1032 was drafted to create an incentive for oil companies to build a refinery in North Dakota by exempting them from paying the state a 6.5 percent extraction fee oil companies currently have to pay.

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