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Tag Archives: Ryan Rauschenberger

North Dakota taxable sales, purchase drop 19 percent in 2015

BISMARCK, N.D. (AP) — North Dakota Tax Department records show the state’s economy slowed last year due to low crop prices and a sustained oil industry slump. North Dakota’s taxable sales and purchases are a key indicator of economic activity in the state. Tax Commissioner Ryan Rauschenberger (RAW’-shun-bur-gur) says North Dakota’s taxable sales and purchases decreased nearly 19 percent in ...

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In reversal, North Dakota gets less from feds than it gives

BISMARCK, N.D. — North Dakota’s oil prosperity has reversed a historic trend of the state getting a greater share of federal spending than its residents paid in taxes. The Tax Foundation, a Washington think tank, said North Dakota got $1.68 in federal spending for every dollar its residents paid in federal taxes in 2005, ranking sixth in the nation. For ...

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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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Bakken tax trigger saves oil companies $120 million per well

A significant number of wells have been completed while North Dakota’s small oil tax trigger was in effect, says Tax Commissioner Ryan Rauschenberger. According to the Bismarck Tribune, the small tax trigger ends at the end of June and throughout its duration, oil companies completed close to 600 wells. The small trigger, which went into effect February 1 due to ...

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ND oil tax: Relaxed trigger finger, steady aim

Due to the recent rise in oil prices, over $480 million in tax breaks that would have otherwise been granted to oil producers remain in North Dakota’s coffers. However, discussion regarding the future oil tax revenue stream and a misled legislature persists. For the state to enact the tax trigger the average per barrel price for West Texas Intermediate crude ...

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ND officials: Oil trigger tax break appears unlikely

BISMARCK, N.D. — Unless oil prices take a sudden nosedive, North Dakota’s petroleum industry won’t start reaping the benefits of a tax cut that would decrease state tax collections by about $80 million a month through November. State Tax commissioner Ryan Rauschenberger (RAW’-shuhn-bur-gur) and North Dakota Petroleum Council President Ron Ness say the “trigger” tax break for the oil industry ...

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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 ...

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4th quarter taxable sales increase nearly 17 percent

BISMARCK, N.D. — Taxable sales and purchases in North Dakota during the fourth quarter of last year increased nearly 17 percent from the final three months of 2013. Tax Commissioner Ryan Rauschenberger says taxable sales and purchases in October, November and December 2014 totaled $7.9 billion. He says the strong growth is “remarkable” given the declining oil prices during those ...

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Prices causing lawmakers to examine Bakken tax incentives

If the low price of crude oil continues, North Dakota state legislators may reconsider extending tax incentives for oil producers, according to the Forum News Service (FNS). North Dakota Insurance Commissioner Ryan Rauschenberger said, “If we end up having a few more months like this, it could raise awareness and get some analysis done.” The statement was made in an ...

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Legislature should get a say in oil and gas rules

“Measure would void new North Dakota flaring, oil rules,” screams a headline from the Associated Press about Rep. Keith Kempenich’s bill to change the process by which oil regulations are passed by the Industrial Commission. That headline set up a scolding and typically intemperate editorial from the Fargo Forum which, as usual, seems to have only a superficial grasp of ...

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