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North Dakota tribe sees $315M in energy taxation revenue
Posted: Tuesday, December 10, 2013
Mandan, Hidatsa and Arikara Nation
in North Dakota has seen $313.5 million in energy tax revenues since 2008.
The tribe and the state reached an agreement in 2008 to resolve taxation of energy production on the Fort Berthold Reservation. The deal has proven lucrative for both parties.
"God gave us opportunity," Vice Chairman Fred Fox told the Associated Press. "We're grateful and thankful and we have to take advantage of what's going on."
The tribe will be debt-free by this month thanks to the revenues, The Minot Daily News reported.
Get the Story:
North Dakota oil tax agreement nets $40 million monthly for state, Fort Berthold Reservation
Tribes soon to be debt free
(The Minot Daily News 12/6)
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