06-04-2008, 03:00 PM
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News From Indian Country
 Join Date: Nov 2007
Location: Ojibwe Country
Posts: 2,898
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North Dakota, tribe reach accord on reservation oil taxes
By Dale Wetzel
Bismarck, North Dakota (AP) Oil industry officials predict a new tax and regulatory accord between North Dakota and the Three Affiliated Tribes will spur exploration of oil-producing rock beneath the tribe’s reservation. The agreement limits oil tax rates on reservation land, and spells out how the state and tribal governments will share oil revenues. It specifies that North Dakota’s Department of Mineral Resources will regulate reservation production. |
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