State-tribal tax agreement signed

Bismarck, North Dakota (AP) 6-08

State and tribal officials leaders say they have signed a new tax agreement aimed at boosting oil and gas production on the Fort Berthold reservation.

A statement from Gov. John Hoeven’s office says Hoeven and tribal Chairman Marcus Wells Jr. signed the agreement Tuesday during a ceremony at the Three Affiliated Tribes headquarters in New Town.

Officials say the agreement streamlines the current two-tax system. Among other things, it limits oil tax rates on reservation land and spells out how the state and tribal governments will share oil revenue.

The Three Affiliated Tribes will receive $100,000 in fees for each new oil well drilled on reservation trust land, along with its share of oil taxes.

Wells said the tax revenue will be used for tribal roads, health care and law enforcement.

 

 

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