Nonresident Royalty Taxes | Video

Jennifer Joas | 1/16/2013

Oil is big business in the Bakken, for both producers and mineral owners. But the tax department is presenting a new bill that would allow non-resident royalty owners to have income taxes withheld at the source of income. In 2010, 44 percent of royalty owners were non-residents.

So we spend a number of hours and resources looking for these folks out of state and contacting them to make sure that they`ve recorded that income to North Dakota," said Matt Peyerl with the Tax Administration Division.

The North Dakota Petroleum Council voiced concerns that this might be too much of a burden for small producers in the Bakken.

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