With oil prices plunging one major area of concern for North Dakota, aside from the economic downturn that would result from declining oil activity, is the impact on the state budget. Lower oil prices means less revenues for the state, particularly if two tax trigger landmines embedded in the code are invoked. Those triggers fire...With oil prices plunging one major area of concern for North Dakota, aside from the economic downturn that would result from declining oil activity, is the impact on the state budget. Lower oil prices means less revenues for the state, particularly if two tax trigger landmines embedded in the code are invoked. Those triggers fire...
