ND Senate Considers Potash Tax

The North Dakota Senate reportedly is considering legislation that sets the state's potash tax rate at 1.5 percent. Under the measure, each mine's home county would receive the first $1 million in tax revenue after which the state would get 90 percent. A bill passed by the North Dakota House in February set the rate at 4 percent and gave more of the tax revenue to the counties. London-based Dakota Salts has expressed interest in mining potash in Burke County. The company has estimated its project could begin within two years.

http://www.bismarcktribune.com/news/local/govt-and-politics/2011_session/article_f57ba59e-5ed7-11e0-9217-001cc4c03286.html