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Published March 11, 2013, 12:54 PM

Oil industry opposes North Dakota House oil tax measure

BISMARCK, N.D. (AP) — A group that represents North Dakota's oil industry is opposing a Republican-sponsored House bill that would restructure oil taxes in the state.

BISMARCK, N.D. (AP) — A group that represents North Dakota's oil industry is opposing a Republican-sponsored House bill that would restructure oil taxes in the state.

North Dakota Petroleum Council President Ron Ness tells The Associated Press that the measure is too complex and costly for companies.

Republican Rep. Roscoe Streyle told the Senate Finance and Taxation Committee that the intent of the bill is to simplify the state's tax code and encourage long-term oil development.

But Ness says the bill would hurt drilling because it effectively raises taxes on oil companies.

Ness' group represents more than 400 companies working in the oil patch in western North Dakota.

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