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Thursday, November 14, 2024

North Dakota: Individual income tax revenue down 37.8% as of Q4 2023 compared to Q4 2022

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

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

North Dakota collected $61 million in individual income taxes during the fourth quarter of 2023, a 37.8% decrease from the same period in the previous year, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

In the fourth quarter of 2022, $98 million was collected in individual income taxes.

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 $1.6 billion in combined tax revenues in the fourth quarter of 2023.

Q4 2023 North Dakota Tax Collections

Type of TaxAmount (in millions of dollars)
Property Taxes$0
Sales and Gross Receipts Taxes$585
License Taxes$63
Individual Income Taxes$61
Total Income Taxes$95
Other Taxes$889

Source: U.S. Census Bureau

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