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Rauschenberger: 2nd Quarter Taxable Sales and Purchases Show Increase

FOR IMMEDIATE RELEASE

Tuesday, September 19, 2017

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

Rauschenberger: 2nd Quarter Taxable Sales and Purchases Show Increase

BISMARCK, N.D. – Tax Commissioner Ryan Rauschenberger announced today that North Dakota’s taxable sales and purchases for the second quarter of 2017 had a noticeable increase.  Taxable sales and purchases for April, May and June of 2017 were $4.687 billion, a 6.8 percent increase over those months in 2016.

“Boasting a positive number for the first time in eight quarters, this second quarter taxable sales and purchases report is good news for the state of North Dakota,” Rauschenberger said.  “Our new normal is emerging and it is comparable to pre-oil boom levels.”

Eight of the 15 major sectors reported taxable sales and purchases gains when compared to the second quarter a year ago.  Most notably, the mining and oil extraction sector increased by $195.9 million (a 68.76 percent increase), the wholesale trade sector increased by $155.4 million (a 17.21 percent increase), and the other services sector increased by $13.2 million (a 14.01 percent increase).

“We’ve been seeing an increase in Bakken activity. Oil production is moderately increasing, and rig counts are going up,” Rauschenberger added.  “A large part of that activity is reflected in the mining and oil extraction sector which increased by more that 68 percent during the second quarter of 2017.”

Of the 50 largest cities in North Dakota, the highest percent increases for the second quarter of 2017 (compared to the second quarter of 2016) were as follows:

  • Tioga – Increase of 44.27 percent
  • Garrison – Increase of 42.19 percent
  • Carrington – Increase of 41.52 percent
  • Stanley – Increase of 38.91 percent
  • Wishek – Increase of 32.43 percent

Counties with the highest percent increases for the second quarter of 2017 (compared to the second quarter of 2016) were as follows:

  • Sioux County – Increase of 141.92 percent
  • Dunn County – Increase of 59.35 percent
  • Benson County – Increase of 58.67 percent
  • Foster County – Increase of 40.46 percent
  • Mountrail County – Increase of 34.43 percent

Click here to access the complete second quarter 2017 North Dakota Sales and Use Tax Statistical Report.

ND Total Taxable Sales & Purchases $ Changes_2nd Quarter 2017
ND Taxable Sales Purchases by Industry 2nd Quarter 2017

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Ryan Rauschenberger
Tax Commissioner
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News

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

 

Rauschenberger: 2nd Quarter Taxable Sales and Purchases Show Increase

FOR IMMEDIATE RELEASE

Tuesday, September 19, 2017

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

Rauschenberger: 2nd Quarter Taxable Sales and Purchases Show Increase

BISMARCK, N.D. – Tax Commissioner Ryan Rauschenberger announced today that North Dakota’s taxable sales and purchases for the second quarter of 2017 had a noticeable increase.  Taxable sales and purchases for April, May and June of 2017 were $4.687 billion, a 6.8 percent increase over those months in 2016.

“Boasting a positive number for the first time in eight quarters, this second quarter taxable sales and purchases report is good news for the state of North Dakota,” Rauschenberger said.  “Our new normal is emerging and it is comparable to pre-oil boom levels.”

Eight of the 15 major sectors reported taxable sales and purchases gains when compared to the second quarter a year ago.  Most notably, the mining and oil extraction sector increased by $195.9 million (a 68.76 percent increase), the wholesale trade sector increased by $155.4 million (a 17.21 percent increase), and the other services sector increased by $13.2 million (a 14.01 percent increase).

“We’ve been seeing an increase in Bakken activity. Oil production is moderately increasing, and rig counts are going up,” Rauschenberger added.  “A large part of that activity is reflected in the mining and oil extraction sector which increased by more that 68 percent during the second quarter of 2017.”

Of the 50 largest cities in North Dakota, the highest percent increases for the second quarter of 2017 (compared to the second quarter of 2016) were as follows:

  • Tioga – Increase of 44.27 percent
  • Garrison – Increase of 42.19 percent
  • Carrington – Increase of 41.52 percent
  • Stanley – Increase of 38.91 percent
  • Wishek – Increase of 32.43 percent

Counties with the highest percent increases for the second quarter of 2017 (compared to the second quarter of 2016) were as follows:

  • Sioux County – Increase of 141.92 percent
  • Dunn County – Increase of 59.35 percent
  • Benson County – Increase of 58.67 percent
  • Foster County – Increase of 40.46 percent
  • Mountrail County – Increase of 34.43 percent

Click here to access the complete second quarter 2017 North Dakota Sales and Use Tax Statistical Report.

ND Total Taxable Sales & Purchases $ Changes_2nd Quarter 2017
ND Taxable Sales Purchases by Industry 2nd Quarter 2017

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