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Second Quarter Taxable Sales and Purchases Slowed in North Dakota

FOR IMMEDIATE RELEASE

Tuesday, October 6, 2015

Contact: Kathy Strombeck, Research Analyst, 701.328.3402
Jen Raab, Public Information Officer, 701.328.3039

BISMARCK, N.D. – Tax Commissioner Ryan Rauschenberger today released the 2015 second quarter taxable sales and purchases report, and it reflects a slowdown in activity for some industry sectors.  Taxable sales and purchases were $5.901 billion for April, May and June of 2015, a drop of 16.07 percent over those months in 2014.   

“The state has experienced a decline in oil exploration activity due to the low oil prices,” stated Rauschenberger. “We anticipated that the second quarter taxable sales and purchases would be reflective of the decrease in activity.” 

Rauschenberger went on to point out that taxable sales and purchases are still strong and reflect a significant amount of economic activity in the state.  North Dakota has experienced exponential growth in taxable sales and purchases for the past several years.  When viewed with a longer-term perspective, second quarter 2015 taxable sales and purchases are still over 70 percent higher than the second quarter of 2010.

Six of the 15 major industry sectors reported taxable sales and purchases gains when compared to the second quarter a year ago, with the most notable decline in the mining and oil extraction sector (decrease of 31.43 percent).

“Although taxable sales and purchases for the second quarter are down overall, it is encouraging to see that three of our four most populated cities saw an increase,” added Rauschenberger. 

Of the most populated cities, Grand Forks, Minot and Fargo all saw increases in second quarter taxable sales and purchases, with Bismarck decreasing by about 2 percent.

Of the 50 largest cities in North Dakota, the highest percent increases for the second quarter of 2015 (compared to the second quarter of 2014) were as follows:

  • Walhalla – Increase of 54.56 percent
  • Cavalier – Increase of 37.73 percent
  • Lincoln – Increase of 13.86 percent
  • Wahpeton – Increase of 7.79 percent
  • Ellendale – Increase of 7.23 percent

Counties with the highest percent increases for the second quarter of 2015 (compared to the second quarter of 2014) were as follows:

  • Sheridan County – Increase of 45.17 percent
  • Sargent County – Increase of 38.21 percent
  • Kidder County – Increase of 36.55 percent
  • Burke County – Increase of 35.71 percent
  • Pembina County – Increase of 25.7 percent

The complete second quarter 2015 North Dakota Sales and Use Tax Statistical Report can be accessed below.

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Sign up to receive new releases via email.  Select the "ND Tax News" list.

 

Second Quarter Taxable Sales and Purchases Slowed in North Dakota

FOR IMMEDIATE RELEASE

Tuesday, October 6, 2015

Contact: Kathy Strombeck, Research Analyst, 701.328.3402
Jen Raab, Public Information Officer, 701.328.3039

BISMARCK, N.D. – Tax Commissioner Ryan Rauschenberger today released the 2015 second quarter taxable sales and purchases report, and it reflects a slowdown in activity for some industry sectors.  Taxable sales and purchases were $5.901 billion for April, May and June of 2015, a drop of 16.07 percent over those months in 2014.   

“The state has experienced a decline in oil exploration activity due to the low oil prices,” stated Rauschenberger. “We anticipated that the second quarter taxable sales and purchases would be reflective of the decrease in activity.” 

Rauschenberger went on to point out that taxable sales and purchases are still strong and reflect a significant amount of economic activity in the state.  North Dakota has experienced exponential growth in taxable sales and purchases for the past several years.  When viewed with a longer-term perspective, second quarter 2015 taxable sales and purchases are still over 70 percent higher than the second quarter of 2010.

Six of the 15 major industry sectors reported taxable sales and purchases gains when compared to the second quarter a year ago, with the most notable decline in the mining and oil extraction sector (decrease of 31.43 percent).

“Although taxable sales and purchases for the second quarter are down overall, it is encouraging to see that three of our four most populated cities saw an increase,” added Rauschenberger. 

Of the most populated cities, Grand Forks, Minot and Fargo all saw increases in second quarter taxable sales and purchases, with Bismarck decreasing by about 2 percent.

Of the 50 largest cities in North Dakota, the highest percent increases for the second quarter of 2015 (compared to the second quarter of 2014) were as follows:

  • Walhalla – Increase of 54.56 percent
  • Cavalier – Increase of 37.73 percent
  • Lincoln – Increase of 13.86 percent
  • Wahpeton – Increase of 7.79 percent
  • Ellendale – Increase of 7.23 percent

Counties with the highest percent increases for the second quarter of 2015 (compared to the second quarter of 2014) were as follows:

  • Sheridan County – Increase of 45.17 percent
  • Sargent County – Increase of 38.21 percent
  • Kidder County – Increase of 36.55 percent
  • Burke County – Increase of 35.71 percent
  • Pembina County – Increase of 25.7 percent

The complete second quarter 2015 North Dakota Sales and Use Tax Statistical Report can be accessed below.

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