Fort Peck Tribes sign oil and gas tax agreement

Wednesday, March 26, 2008  

The Fort Peck Tribes and the state of Montana signed an agreement to share revenues from oil and gas development on the reservation.

Currently, the tribe and the state each impose a 14 percent tax on development. The new agreement sets a range of rates from 9 percent to 15 percent. Revenues will be split evenly between the tribe and the state.

The agreement only applies to development by tribal members and for development on tribally-owned land.

The Chippewa Cree Tribe is negotiating a similar agreement.

Get the Story:
Fort Peck, state to share oil, gas taxes (The Great Falls Tribune 3/26)