Stand Against Higher Taxes
The push for higher taxes is a clear effort for higher taxes and bigger government. Many legislators have fought every North Dakota tax cut since the Bakken began.
NORTH DAKOTA IS ALREADY A HIGH-TAX STATE
At 10 percent, North Dakota already has one of the highest effective tax rates on oil and gas, which average 6.5 percent across the US. The tax increase will set North Dakota tax rates at nearly TWICE the national average.
HIGHER TAXES ARE BAD FOR MINERAL OWNERS
Higher taxes reduce income paid to mineral owners who are most often owned by families and seniors. In fact, the National Association of Royalty owners has found that the typical mineral owner is a woman sixty or older receiving a little more than $600 per month.
HIGHER TAXES HURT OUR ECONOMY, JOBS AND THE LEGACY FUND
Higher taxes ensure the less-economic fringes of the Bakken will never be developed, leaving the state with fewer jobs, lower tax revenues, and a smaller Legacy Fund.
THE STATE EARNED $950 MILLION MORE WITH THE 2015 TAX CHANGES
In 2015, the legislature removed trigger exemptions and reduced the oil tax rate from the highest rate in the nation. By flattening the tax rate, the earned $950 million more in oil and gas taxes during the downturn, when it needed the revenues the most.