Taxable Sales and Purchases Increase 10 Percent in Second Quarter

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North Dakota taxable sales and purchases are up 10 percent for the second quarter of 2018. Four of the state’s six largest cities saw in increase of money being brought in. 

Williston had an increase of over 29 percent. Dickinson saw a 13.27 percent increase. Minot and Fargo both had an increase under a two percent, and Bismarck and Grand Forks actually saw decreases.

Taxable sales for April, May and June of 2018 were nearly 5.15 billion dollars overall. Tax Commissioner Ryan Rauschenberger says most of this growth comes from western oil exploration.

The Commissioner explains, “When you look at it overall, things are up and that is good. But we do have some lower farm, ag-commodity prices compared to the strong oil prices, and that’s why you see the west up, but the rest of the state kind of flat or down.”

If you want to see the full second quarter report, follow the link below:

https://www.nd.gov/tax/user/businesses/formspublications/sales-use-tax/guidelines-publications-sales.

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 This material may not be published, broadcast, rewritten, or redistributed.

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