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Saturday, November 16, 2024

Q4 2022: North Dakota's combined tax revenues down 16.3% since Q3 2022

North Dakota collected $1.6 billion in total tax revenues during the fourth quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

These tax revenues stem from various sources, including property tax, sales and gross receipts tax, licenses, income tax, and miscellaneous tax.

The majority of the state’s tax revenue was collected through severance taxes ($821 million) and general sales and gross receipts taxes ($534 million).

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.

Q4 2022 North Dakota Tax Collections
Type of TaxAmount (millions)
Other Taxes$821
Sales and Gross Receipts Taxes$534
Income Taxes$135
License Taxes$59

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