North Dakota Amendment 1, Permanent Oil Tax Trust Fund Amendment (2008)
| North Dakota Amendment 1 | |
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| Election date |
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| Topic Fuel taxes and Severance taxes |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
North Dakota Amendment 1 was on the ballot as a legislatively referred constitutional amendment in North Dakota on November 4, 2008. It was defeated.
A "yes" vote supported establishing a permanent oil tax trust fund from oil and gas tax revenue exceeding 100 million dollars per biennium, adjusted for inflation. |
A "no" vote opposed establishing a permanent oil tax trust fund from oil and gas tax revenue exceeding 100 million dollars per biennium, adjusted for inflation. |
Election results
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North Dakota Amendment 1 |
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| Result | Votes | Percentage | ||
| Yes | 108,748 | 36.03% | ||
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193,111 | 63.97% | ||
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- Results are officially certified.
- Source
Text of measure
Ballot title
The ballot title for Amendment 1 was as follows:
| “ | This measure would establish a permanent oil tax trust fund from oil and gas tax revenue exceeding one hundred million dollars per biennium, adjusted for inflation; interest earnings on the trust fund would be transferred to the general fund each year; and no more than twenty percent of the principal of the trust fund could be spent each biennium, if approved by three-fourths of the members of both houses of the legislature. | ” |
Path to the ballot
- See also: Amending the North Dakota Constitution
A simple majority vote is required during one legislative session for the North Dakota State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 48 votes in the North Dakota House of Representatives and 24 votes in the North Dakota State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.
See also
External links
Footnotes
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State of North Dakota Bismarck (capital) |
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