25.1080.01000
Sixty-ninth
Legislative Assembly
of North Dakota
Introduced by
Representatives Headland, D. Anderson, Koppelman, Vollmer, J. Olson, Hagert
Senators Kessel, Meyer, Rummel, Thomas
A BILL for an Act to amend and reenact subsection 4 of section 57-51.1-03 of the North Dakota
Century Code, relating to the oil extraction tax rate reduction for oil produced from a new well
drilled and completed outside the Bakken and Three Forks formations; and to provide an
effective date.
BE IT ENACTED BY THE LEGISLATIVE ASSEMBLY OF NORTH DAKOTA:
SECTION 1. AMENDMENT. Subsection 4 of section 57-51.1-03 of the North Dakota
Century Code is amended and reenacted as follows:
4.The first seventy-five thousandninety thousand barrels of oil produced during the first
eighteen months after completion, from a well drilled and completed outside the
Bakken and Three Forks formations, and ten miles [16.10 kilometers] or more outside
an established field in which the industrial commission has defined the pool to include
the Bakken or Three Forks formation, is subject to a reduced tax rate of two percent of
the gross value at the well of the oil extracted under this chapter.
SECTION 2. EFFECTIVE DATE. This Act is effective for taxable production beginning after
June 30, 2025.
Page No. 1 25.1080.01000
HOUSE BILL NO. 1483
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