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ND-Taxable Sales

ND-Taxable Sales
North Dakota taxable sales down 24 percent in 2016
The Associated Press - March 31, 2017

BISMARCK, N.D. - Taxable sales and purchases in North Dakota totaled $17.3 billion in 2016, down 24 percent from the previous year.

Tax Commissioner Ryan Rauschenberger cites the oil industry slump and low farm commodity prices for the decrease.

He says the 2016 figures are comparable to pre-oil boom levels.

Taxable sales and purchases are a key indicator of economic activity in the state. The mining and oil extraction sector had the biggest drop for the year with a 60 percent decrease.

The arts, entertainment and recreation sector was the only one to post an increase from 2015 to 2016, up 8 percent.
 



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