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North Dakota GOP To Unveil New Oil Tax Formula

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Bismarck, N.D. (AP) North Dakota Republicans are slated to unveil a revamped a formula used to distribute the state's oil and gas production tax revenue.

The fund currently sets aside 75 percent for the state and 25 percent for local governments. Some Democrats have pushed for 60-40 in favor of local governments.

GOP lawmakers are slated to release their plan Wednesday at the state capitol in Bismarck.

Republican lawmakers last week unveiled an $800 million one-time spending plan to address immediate problems tied to the oil boom in the western part of the state.


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