Quantcast

Peace Garden News

Saturday, November 16, 2024

North Dakota's combined tax revenues up 0.4% from Q3 to Q4 2021

Webp p1ng25eqc95i982r9v4ingcyizg4

Brian Kroshus Tax Commissioner | North Dakota Office of State Tax Commissioner

Brian Kroshus Tax Commissioner | North Dakota Office of State Tax Commissioner

Combined tax revenues in North Dakota increased 0.4% in the fourth quarter of 2021 in comparison to the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

Overall, North Dakota collected $1.3 billion in taxes during the fourth quarter of 2021, compared to $1.3 billion in the previous quarter.

The majority of the state’s tax revenue was collected through severance taxes ($670 million) and general sales and gross receipts taxes ($468 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 North Dakota Tax Collections
Type of TaxAmount (millions)
Other Taxes$670
Sales and Gross Receipts Taxes$468
Income Taxes$110
License Taxes$54
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