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Rauschenberger: Second Quarter Taxable Sales and Purchases Down

FOR IMMEDIATE RELEASE

Wednesday, October 5, 2016

Contact:  Kathy Strombeck, Supervisor, Research & Communication, 701.328.3402
Jen Raab, Public Information Officer, 701.328.3039

Bismarck, N.D. – Tax Commissioner Ryan Rauschenberger today released the 2016 second quarter taxable sales and purchases report.  Taxable sales and purchases were $4.385 billion for April, May and June of 2016, a drop of nearly 26 percent over those months in 2015.  

“The decrease in oil activity, coupled with low commodity prices continues to be reflected in the taxable sales and purchases report,” stated Rauschenberger.  “North Dakota taxable sales and purchases are still returning to pre-oil boom levels.” 

Rauschenberger went on to explain that $4.385 billion is closer to what the normal second quarter taxable sales and purchases was just five years ago.

The second quarter report includes data for the largest 50 cities in North Dakota, and all 53 counties. Of the 50 largest cities in North Dakota, the highest percent increases (compared to the second quarter of 2015) were Beulah, Jamestown, Linton, Cando and Larimore. Counties with the highest percent increases (compared with the second quarter of 2015) were Oliver, McHenry, Mercer, Stustman and Billings.

Two of the 15 major industry sectors reported taxable sales and purchases gains when compared to the second quarter a year ago. The educational, health care and social services sector increased by 13.36 percent (increase of $2.28 million) and the arts, entertainment and recreation sector increased by 3.5 percent (increase of $1 million).

The most notable industry sector decreases were the mining and oil extraction sector with a decrease of 67 percent (decrease of $581.3 million) and the wholesale trade sector with a decrease of nearly 34 percent (decrease of $461.6 million) compared to the same months in 2015.

The complete second quarter 2016 North Dakota Sales and Use Tax Statistical Report can be accessed online at www.nd.gov/tax.

2016 First Quarter Taxable Sales and Purchases Report

Charts:
ND Total Taxable Sales & Purchases $ Changes_2nd Quarter
ND Taxable Sales Purchases by Industry 2nd Quarter

nd.gov - The Official Portal for North Dakota State Government
North Dakota: Legendary. Follow the trail of legends

Ryan Rauschenberger
Tax Commissioner
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News

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

 

Rauschenberger: Second Quarter Taxable Sales and Purchases Down

FOR IMMEDIATE RELEASE

Wednesday, October 5, 2016

Contact:  Kathy Strombeck, Supervisor, Research & Communication, 701.328.3402
Jen Raab, Public Information Officer, 701.328.3039

Bismarck, N.D. – Tax Commissioner Ryan Rauschenberger today released the 2016 second quarter taxable sales and purchases report.  Taxable sales and purchases were $4.385 billion for April, May and June of 2016, a drop of nearly 26 percent over those months in 2015.  

“The decrease in oil activity, coupled with low commodity prices continues to be reflected in the taxable sales and purchases report,” stated Rauschenberger.  “North Dakota taxable sales and purchases are still returning to pre-oil boom levels.” 

Rauschenberger went on to explain that $4.385 billion is closer to what the normal second quarter taxable sales and purchases was just five years ago.

The second quarter report includes data for the largest 50 cities in North Dakota, and all 53 counties. Of the 50 largest cities in North Dakota, the highest percent increases (compared to the second quarter of 2015) were Beulah, Jamestown, Linton, Cando and Larimore. Counties with the highest percent increases (compared with the second quarter of 2015) were Oliver, McHenry, Mercer, Stustman and Billings.

Two of the 15 major industry sectors reported taxable sales and purchases gains when compared to the second quarter a year ago. The educational, health care and social services sector increased by 13.36 percent (increase of $2.28 million) and the arts, entertainment and recreation sector increased by 3.5 percent (increase of $1 million).

The most notable industry sector decreases were the mining and oil extraction sector with a decrease of 67 percent (decrease of $581.3 million) and the wholesale trade sector with a decrease of nearly 34 percent (decrease of $461.6 million) compared to the same months in 2015.

The complete second quarter 2016 North Dakota Sales and Use Tax Statistical Report can be accessed online at www.nd.gov/tax.

2016 First Quarter Taxable Sales and Purchases Report

Charts:
ND Total Taxable Sales & Purchases $ Changes_2nd Quarter
ND Taxable Sales Purchases by Industry 2nd Quarter

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