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Saturday, November 16, 2024

North Dakota's combined tax revenues up 4.6% from Q4 to Q1 2022

Combined tax revenues in North Dakota increased 4.6% in the first quarter of 2022 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 $1.4 billion in taxes during the first quarter of 2022, compared to $1.3 billion in the previous quarter.

The majority of the state’s tax revenue was collected through severance taxes ($699 million) and general sales and gross receipts taxes ($486 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.

Q1 North Dakota Tax Collections
Type of TaxAmount (millions)
Other Taxes$699
Sales and Gross Receipts Taxes$486
Income Taxes$112
License Taxes$59
Property Taxes$5
Source: U.S. Census Bureau

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