(KNOX) – A historic revenue sharing agreement is to be signed Friday afternoon in Bismarck.
Governor Doug Burgum, tax commissioner Brian Kroshus… and Chairman Mark Fox of the Mandan, Hidatsa and Arikara Nation… will sign an alcohol tax revenue sharing agreement.
Legislation allows each of the five tribal nations in North Dakota to agree with the state to impose a single tax on alcoholic beverages sold at retail and wholesale levels within their respective reservations.
Tribal Nations who adopted the alcohol tax will keep 80 percent of the tax revenue…while the state’s general fund receives 20 percent.
MHA Nation is the first tribe to execute an agreement with the state under the new law.
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