Report: ND taxable sales remained strong in Q2

State News

North Dakota Tax Commissioner Ryan Rauschenberger says state taxable sales and purchases for the second quarter of 2019 are up nearly 8.4 percent over the same time last year.

“With North Dakota’s commodity-based economy dependent on worldwide factors influencing commodity prices, it is significant that the state has been able to post solid taxable sales and purchases growth each quarter for more than two years,” Rauschenberger said.

The report also indicated nearly all industrial sectors of the state’s economy, as well as the majority of cities and counties, showed increases in the second quarter.

As in previous quarters, western North Dakota cities and counties generally grew at a faster pace than other communities due to the burgeoning oil and gas industry, which continued to post production records in the second quarter.

Retail trade increased nearly 7 percent over 2018, in part due to the U.S. Supreme Court decision in South Dakota v. Wayfair, allowing the collection of state and local sales and use taxes from remote sellers.

The complete second quarter 2019 North Dakota Sales & Use Tax Statistical Report can be accessed and downloaded online at www.nd.gov/tax.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Latest Stories

More Local News

Recent Videos

CHi Gets UV Sterilizer

Tribal college grants

Bridge Money

Distance Learning

Winter coat drive

Amber's Tuesday morning #OneMinuteForecast 9/22

Minot Commission on Aging keeps on going

Soup kitchen able to stay open

Remembering a local inspiration

Tuesday's Forecast: We welcome fall with the 80s

Family traditions during the pandemic

NDC SEPT 22

Kidder County Volleyball

Minot City Council Limits Flag Raising

Help for Farmers

Stanley Rescue

Legacy Volleyball

Bottineau Volleyball

Monday, September 21st, 2020 - KX Storm Team Evening Forecast - Dave Holder

More Video

KX News Trending Stories

Don't Miss

More Don't Miss