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New North Dakota oil tax law may threaten accord with tribes

May 20, 2015 - Associated Press Financial Wire

BISMARCK, N.D. (AP) - A North Dakota oil tax revenue sharing agreement with an American Indian reservation that covers nearly a third of the state's oil production may be threatened by a new state law that shaves the overall oil tax rate following the fall in crude prices.

The Legislature last month passed the measure, which also abolishes some price-based incentives. Three Affiliated Tribes officials said they're not happy with the tax cut because more money is needed to pay for oversight...