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Friday, November 15, 2024

North Dakota's sales and gross receipts tax revenue up 39% in Q1 compared to same quarter of the previous year

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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 $545 million in sales and gross receipts taxes during the first quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

This represents a 39% increase over the same quarter the previous year, when sales and gross receipts tax revenue was $392 million.

Sales and gross receipt taxes include taxes on licenses, alcohol, amusements, insurance, fuel, parimutuels, public utilities, and tobacco products.

Individual income taxes are based on net personal income and taxes imposed on 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 it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments. Also, not all states collect all types of taxes.

Overall, North Dakota collected $1.4 billion in combined tax revenues in Q1.

Q1 North Dakota Tax Collections

Type of TaxAmount (millions)
Income Taxes$83
License Taxes$78
Other Taxes$692
Property Taxes$5
Sales and Gross Receipts Taxes$545

Source: U.S. Census Bureau

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