25.1080.01001
Title.02000
Adopted by the Finance and Taxation
Committee
Sixty-ninth
February 4, 2025
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 thousandone hundred twenty-five thousand
barrels of oil produced during the first eighteenthirty-six 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 25.1080.01001
HOUSE BILL NO. 1483
PROPOSED AMENDMENTS TO
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