North Dakota Oil Extraction Tax Initiative, Measure 6 (1980)

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The North Dakota Oil Extraction Tax Initiative, also known as Measure 6, was on the November 4, 1980 ballot in North Dakota as an initiated state statute, where it was approved.[1][2] The measure created a 6.5 percent oil extraction tax of the gross value of oil at the well. The tax proceeds would be appropriated quarterly in the following divisions:[3]

  • 45 percent to state school aid program
  • 10 percent to a special trust fund with the first $15 million collected deposited in it going to the Grafton State School, the remaining to be invested and the income from it being utilized by the state industrial commission for energy related projects
  • 45 percent to the state general fund

Election results

North Dakota Measure 6 (1980)
ResultVotesPercentage
Approveda Yes 163,991 56.70%
No125,23143.30%

Election results via: North Dakota Secretary of State, Official Vote of General Election, 1980

Text of measure

The full text of the measure can be read here.

See also

External links

Footnotes

  1. ↑ North Dakota Secretary of State Archived Election Results, "General Election Results - 1980," accessed March 24, 2014
  2. ↑ Initiative and Referendum Institute, "North Dakota Statewide Initiatives," accessed March 24, 2014
  3. ↑ The Oakes Times, "Sample Ballot, General Election," October 23, 1980
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