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New North Dakota oil tax framework saving state $1M daily

BISMARCK, N.D. — Action by the North Dakota Legislature earlier this year means a price-triggered exemption for the state’s oil industry will not go into effect on Tuesday. State Tax commissioner Ryan Rauschenberger (RAW’-shuhn-bur-gur) says the Legislature’s elimination of the law means the state will save about $1 million daily based on current oil prices and production. North Dakota lawmakers ...

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North Dakota retailers getting $1.2M for biofuels equipment

BISMARCK, N.D. — North Dakota is getting $1.2 million in federal money to help retailers pay for biofuels equipment. The money is through the federal Agriculture Department’s Biofuels Infrastructure Partnership. It reimburses retailers for the cost of such equipment as blender pumps and biofuel tanks. The North Dakota Ethanol Council says the money is expected to fund 90 fuel dispensers ...

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North Dakota motorists enjoying lower gasoline prices

FARGO, N.D. — Motorists in Bismarck are paying the lowest average for a gallon of regular unleaded gasoline in more than six years. AAA North Dakota says the last time the Bismarck metro average was lower than Monday’s $1.92 per gallon was in March 2009, when the price dipped to $1.88. The North Dakota statewide average is $2.08, the lowest ...

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City of Williston reaching out for more retail businesses

WILLISTON, N.D. — Officials in Williston are trying to draw more retail chains to the western North Dakota oil patch hub. Williston Economic Development and the Williston Convention and Visitor Bureau recently hired the retail data analysis company Buxton to identify the best retail options for the city and begin attracting stores. Based on survey results, the city is aiming ...

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In reversal, North Dakota gets less from feds than it gives

BISMARCK, N.D. — North Dakota’s oil prosperity has reversed a historic trend of the state getting a greater share of federal spending than its residents paid in taxes. The Tax Foundation, a Washington think tank, said North Dakota got $1.68 in federal spending for every dollar its residents paid in federal taxes in 2005, ranking sixth in the nation. For ...

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Excerpts from recent North Dakota editorials

Be thankful for the important people in your lives The Daily News, Wahpeton, Nov. 23, 2015 Thanksgiving is mere days away and for many of us, our mouths are already salivating as we anticipate the traditional feast. Bring on the turkey and dressing, pumpkin pie and camaraderie of family and good friends partaking in this annual celebration. As you sit ...

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Glacial Lakes Energy planning upgrades in Mina, Watertown

MINA, S.D. — Glacial Lakes Energy is planning to spend $23 million on improvements to its ethanol production facilities in Mina and Watertown. Officials hope the work will allow the company to be more competitive in national and international markets. The upgrades also are expected to result in better margins and lower costs, The American News reports. About $7 million ...

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Drone pilot training center on fast track in North Dakota

GRAND FORKS, N.D. — A major U.S. defense contractor that is opening an unmanned aircraft training academy in North Dakota may start with a temporary structure because of the growing demand for pilots and other crew members, the head of a drone business park says. General Atomics Aeronautical Systems Inc. held its groundbreaking ceremony earlier this month at Grand Sky, ...

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