Official Newspaper of Eddy County since 1883
Official Newspaper of Eddy County since 1883
Tax Commissioner Brian Kroshus released data on North Dakota’s taxable sales and purchases for the second quarter of 2022 on Sept. 14, which are up 11.5 percent compared to the same timeframe in 2021. Taxable sales and purchases for April, May, and June of 2022 were $5.9 billion.
“The report shows a strong year-over-year taxable sales and purchases increase,” said Kroshus. “This is the fifth consecutive quarter that North Dakota has seen double-digit growth in taxable sales and purchases. This growth shows that the state’s economy has been consistently growing since the second quarter of 2021.”
Eddy County had the third highest increase of all 53 counties in the second quarter. Taxable sales and purchases totaled $3,795,550, an increase of 27.6 percent compared to $2,974,479 in the same period last year. Grant County had the highest increase, 37.7 percent, compared to last year.
The City of New Rockford saw a 23.47 percent increase in sales and purchase in the second quarter, a total of $3,114,207. The city collected $11,961 in sales tax from remote and online sellers, up slightly from the $11,458 collected in the second quarter of 2021. That equates to $478,440 in sales generated by remote sellers during the quarter.
Foster County’s second quarter taxable sales and purchases totaled $16,399,398, an increase of 17.03 percent compared to $14,012,706 last year.
The City of Carrington grossed $16,146,402 in sales and purchases during the second quarter, up 17.31 percent over last year. Of that, Carrington generated $15,950 in local sales tax from remote sellers, less than half of the total in the second quarter of 2021, which was over $34,000. Therefore, residents purchased $797,500 in taxable goods from online sellers during the quarter.
Binford, which started collecting city sales tax in April of last year, brought in $1,612 in sales tax revenue from online sellers.
Wells County had $13,452,709 in taxable sales and purchases, up 23.23 percent from last year’s total of $10,916,945.
Growth was evident nearly across the board, as 13 of the 15 major industry sectors reported increases when compared to the second quarter of 2021. Most notably, the mining and oil extraction sector increased by $132.6 million (a 37.7 percent increase) and the wholesale trade sector increased by $329.0 million (a 30 percent increase).
“While inflationary pressure and a higher cost of goods is present, the strength of North Dakota’s well-rounded economy is prevalent with the majority of industries reporting growth” stated Kroshus. “The mining and oil extraction sector and wholesale trade sector have also experienced double-digit growth each quarter since the second quarter of 2021.”
Of the 50 largest cities in North Dakota, the City of Tioga in northwestern North Dakota saw the highest percentage of increase for the second quarter of 2022, an impressive 68.5 percent. Others in the top five include Stanley, Beach, Cavalier and Langdon.
The complete data for the first quarter 2022 North Dakota Sales and Use Tax Statistical Report can be accessed through an interactive Power BI report found at http://www.tax.nd.gov/data.
