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Wednesday, December 18, 2024

North Dakota's income tax revenue up 44.2% in year since Q2 2021

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North Dakota collected $199 million in individual income taxes during the second quarter of 2022, a 44.2% increase over the same period the previous year, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

In the second quarter of 2021, $138 million was collected.

Individual income taxes are based on net personal income and taxes imposed on such income as 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 state governments.

Overall, North Dakota collected $1.7 billion in combined tax revenues in the second quarter of 2022.

Q2 North Dakota Tax Collections

Type of TaxAmount (in millions of dollars)
Property Taxes$0
Sales and Gross Receipts Taxes$471
License Taxes$59
Income Taxes$311
Other Taxes$878

Source: U.S. Census Bureau

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