ND Legislature approves oil tax-sharing bill with tribe
BISMARCK, N.D. (AP) — North Dakota’s Republican-led Legislature has passed legislation that aims to end a longstanding disagreement over shared revenues on the oil-rich Fort Berthold Indian reservation.
The House voted to approve the Senate bill 84-8 on Wednesday.
The bill reworks a tax-sharing agreement that favors the Three Affiliated Tribes on the reservation that accounts for about a fifth of the state’s oil production.
The legislation is the result of nearly two years of negotiations between tribal leaders, Republican Gov. Doug Burgum, legislative leaders, the state tax department and industry officials.
The state Tax Department has estimated the tribes will gain an additional $33 million in revenue over the next two-year budget cycle under the legislation.