Oil and gas development goes a long way funding our state’s priority and future.
At more than $1.63 billion paid in taxes, oil and gas production and extraction taxes accounted for 45.1 percent of all taxes collected by the state in 2017.
In addition, the state earned royalties on more than 5,884 producing properties during FY 2017. According to the North Dakota Land Department, the state collected:
A majority of these tax revenues are directed toward funds used to fund specific priorities including schools, roads and infrastructure, the North Dakota Legacy Fund, property tax relief, wildlife and natural resources, and more.
A portion of oil and gas taxes that aren’t designated into special funds such as those listed above go into the State’s General Fund, which is also used to fund roads, infrastructure, schools, law enforcement and other priorities.
For more information about the distribution of oil and gas taxes, visit the North Dakota State Treasurer’s Site.