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2014 ND taxable sales, purchases set record at $28.2 billion

BISMARCK, N.D. — North Dakota’s taxable sales and purchases increased 11 percent in 2014 to a record $28.2 billion.

State Tax commissioner Ryan Rauschenberger (RAW’-shuhn-bur-gur) says the report released Tuesday “shows a continuation of rapid sales growth.”

Taxable sales and purchases are a key indicator of economic activity in the state. And Rauschenberger says 10 of North Dakota’s 15 economic sectors grew in 2014.

Data show 82 of the state’s 200 biggest cities had increases last year.

Williston has led North Dakota in taxable sales and purchases since 2011, when it surpassed the state’s biggest city of Fargo.

Last year, the oil boomtown recorded $3.6 billion in taxable sales and purchases. Fargo had nearly $2.8 billion. Bismarck recorded $1.8 billion in taxable sales and purchases, followed by Minot at $1.5 billion.

In related news, North Dakota governor signs sweeping oil tax law.

This article was from The Associated Press and was legally licensed through the NewsCred publisher network.