Taxation Committee

Taxation Committee

Number Of Members:

Members


Senator
District 33 | R
Chairman

Representative
District 29 | R
Vice Chairman

Representative
District 22 | R

Representative
District 7 | R

Representative
District 4 | R

Representative
District 1 | R

Representative
District 45 | R

Representative
District 46 | R

Representative
District 26 | D

Representative
District 25 | D

Representative
District 37 | R

Representative
District 18 | D

Senator
District 1 | R

Senator
District 34 | R

Senator
District 26 | D

Senator
District 38 | R

Senator
District 43 | R

Senator
District 18 | D
Committee Studies and Assignments

2015 § 42 Shall study the current scientific and economic information regarding oil and gas recovery and enhanced recovery techniques, including the use of carbon dioxide, the timeline for implementing the techniques, and the estimated future annual economic impact, to evaluate existing and alternative tax incentives and recommend tax incentives that under current and foreseeable conditions, and within different oil formations, would best serve the interests of the state, political subdivisions, and fossil fuel energy production industries

2318 § 4 Shall study the oil extraction tax exemption available for incremental production from a tertiary recovery project that uses carbon dioxide.  The study must include consideration of the potential benefits and costs to industry, the state, and the environment of using carbon dioxide enhanced recovery methods.  The Legislative Management shall secure assistance from the Energy and Environmental Research Center to analyze potential future usage of carbon dioxide in oil recovery operations in the Bakken and Three Forks Formations, the potential production and environmental benefits of that usage for energy industries in this state, the economic conditions in which that usage is feasible for oil producers, and the estimated fiscal effect of that usage for the state and political subdivisions.

Receive the compilation and summary of state grantor reports filed annually by the Department of Commerce and the reports of state agencies that award business incentives for the previous calendar year (NDCC § 54-60.1-07)

Receive report from the Tax Commissioner within 120 days after the end of each fiscal year from compiled reports from counties receiving allocations of oil and gas gross production tax revenues describing funds received, expended, and unexpended (NDCC § 57-51-15)