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Lawmakers like to spend oil income tax revenue in North Dakota businesses, infrastructure loans

Lawmakers like to spend oil income tax revenue in North Dakota businesses, infrastructure loans

A group that is bipartisan of Dakota lawmakers has set its look on spending a amount associated with state’s future oil taxation income in regional organizations and infrastructure jobs.

Home Bill 1425 would direct the State Investment Board to designate 10% of taxation collections moving in to the voter-approved Legacy Fund for producing loans tailored to North Dakota towns, counties and companies. Continue reading Lawmakers like to spend oil income tax revenue in North Dakota businesses, infrastructure loans