Quantcast

Peace Garden News

Friday, November 15, 2024

North Dakota's income tax revenue down 36.7% in Q3 2022

Adobestock 324498179

Adobe Stock

Adobe Stock

North Dakota collected $126 million in individual income taxes during the third quarter of 2022, a 36.7 percent decrease from 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 $199 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 $1.7 billion in combined tax revenues in the previous quarter.

Q3 North Dakota Tax Collections
Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$569
Income Taxes$204
License Taxes$67
Other Taxes$1,012
Source: U.S. Census Bureau

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS