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Wednesday, December 25, 2024

North Dakota's income tax revenue up 34.2% since Q1

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North Dakota collected $98 million in individual income taxes during the first quarter of 2021, a 34.2 percent increase over the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

The previous quarter’s income tax revenue was $73 million.

Individual income taxes are based on net personal income and taxes imposed on dividends, interest and income from intangibles.

In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Overall, North Dakota collected $852 million in combined tax revenues in the previous quarter.

Q1 North Dakota Tax Collections
Type of TaxAmount (millions)
Property Taxes$4
Sales and Gross Receipts Taxes$365
Income Taxes$118
License Taxes$60
Other Taxes$443
Source: U.S. Census Bureau

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