ND county officials want potash tax rejiggered
BISMARCK, N.D. (AP) — County officials want to overhaul a proposed North Dakota potash tax to raise the tax rate and give local governments a bigger cut of the revenue.
Potash is used as fertilizer. A company is exploring potential deposits along the Canadian border in northwestern North Dakota, and production is expected to start in three to five years.
The North Dakota House's Finance and Taxation Committee held a hearing Monday on legislation to tax the industry. Potash production would be taxed at 4 percent, with 20 percent of revenue going to local governments.
The bill would exempt potash processing plants from taxation. Ted Hawbaker of Portal says the exemption should be removed.
Burke County tax director Janet Cron says counties should get a greater share of potash tax revenue.