Published January 15, 2013, 10:40 AM
ND lawmakers mulling tax exemption for natural gas
More than one-third of natural gas produced in the state goes up in smoke as wasted byproduct of oil production.
BISMARCK, N.D. (AP) — More than one-third of natural gas produced in the state goes up in smoke as wasted byproduct of oil production.
The House Taxation and Finance Committee is slated to discuss a bill Tuesday that would give energy companies a tax exemption if they utilize or capture natural gas.
Oil companies in North Dakota already can flare natural gas for a year without paying taxes or royalties on it.
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