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Tag Archives: north dakota sales tax

North Dakota “Great Recession” real estate crisis?

real estate crisis indicated by unfinished apartment

The North Dakota Office of State Tax Commissioner recently reported a $63 million shortfall in anticipated sales tax collections in December of 2015. Sales tax collections have declined by over 50 percent in some oil patch cities. Even with a massive state investment program and projects that were financed prior to the recent decline in oil prices, sales tax revenues still collapsed. Plunging sales ...

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ND 1st-quarter taxable sales increase 2.2 percent

BISMARCK, N.D. — North Dakota’s taxable sales and purchases increased 2.2 percent during January, February and March when compared to the same three months a year ago. North Dakota’s Tax Department says the state recorded $5.8 billion in taxable sales and purchases during the first quarter. Commissioner Ryan Rauschenberger says the more than $200 million increase from the first quarter ...

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