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Committee reviews memo on stripper-well tax exemption study; asks for more data on revenue impacts
Summary
Legislative staff shared a memo prepared for the Tax Reform and Relief Advisory Committee on stripper-well exemptions and the committee asked the tax department, Mineral Resources and UND's Energy and Environment Research Center to analyze how many wells would qualify as 'strippers' under different thresholds and the revenue impact to the Resources Trust Fund.
The Water Topics Overview Committee on Dec. 1 reviewed a memo (LC 27.9100.01000) summarizing a study request on stripper-well tax exemptions and asked staff to pursue a data-driven analysis of fiscal impacts.
Levi, a legislative staffer, told members the memo had been distributed to the Tax Reform and Relief Advisory Committee and described a motion that committee passed asking the tax department, the Department of Mineral Resources and the Energy and Environment…
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