N.D. Cent. Code ch. 57-51.1 – Oil Extraction Tax | Midpage

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North Dakota Century Code

Chapter 57-51.1

N.D. Cent. Code ch. 57-51.1

Oil Extraction Tax

57-51.1-01Definitions for oil extraction tax (Effective through June 30, 2031)57-51.1-02Imposition of oil extraction tax 57-51.1-02.1Temporary exemption for oil and gas wells employing a system to avoid flaring 57-51.1-02.2Temporary exemption - Oil extraction tax credit for gas flaring mitigation 57-51.1-03Exemptions from oil extraction tax (Effective through June 30, 2031)57-51.1-03.1Stripper well, new well, secondary or tertiary project, and restimulation well certification for tax exemption or rate reduction - Filing requirement 57-51.1-04Authority of tax commissioner to accept production reports computed on a property basis 57-51.1-05Administration of oil extraction tax 57-51.1-06Oil extraction tax development fund established 57-51.1-07Allocation of moneys in oil extraction tax development fund 57-51.1-07.1Resources trust fund - Procedure for review of applications for financial assistance for water-related projects 57-51.1-07.2Permanent oil tax trust fund - Deposits - Interest - Adjustment of distribution formula 57-51.1-07.3Oil and gas research fund - Deposits - Continuing appropriation 57-51.1-07.4Separate allocation of state share of collections from reservation development 57-51.1-07.5State share of oil and gas taxes - Deposits 57-51.1-07.6Political subdivision allocation fund 57-51.1-07.7Municipal infrastructure fund - Continuing appropriation - State treasurer - Department of transportation - Reports 57-51.1-07.8County and township infrastructure fund - Continuing appropriation - State treasurer - Department of transportation - Reports 57-51.1-07.9State energy research center fund - Continuing appropriation (Effective through June 30, 2033)57-51.1-07.10Straddle well distribution 57-51.1-08Intent