In a survey of tax revenue gains over the previous decade– North Dakota’s recovery from the Great Recession rocketed past all other states.
From 2017 to 2018– taxable sales and purchases went up by almost 13 percent, totaling more than 20 billion dollars.
While sales and purchases went up in Williston, Dickinson, and Minot… sales dropped a bit in Bismarck and Mandan during the 2017-2018 period.
Propelled by oil extraction and production taxes, North Dakota’s state tax collections peaked in 2014 at 6 billion, then dropped steadily to 3.3 billion in 2017 before rebounding last year to 4.1 billion, according to state figures.
North Dakota’s tax commissioner says revenues from oil activity now account for slightly more than half the tax collected in the state.