Sales Tax Revenue
In January 2022, the sales tax revenue in the state of North Dakota exceeded $100 million for the first time since July 2019. The January sales tax revenue number is based on December tax returns and indicates strong sales in the month of December, along with a robust fourth quarter and overall year. Sales tax revenues, and the corresponding business and consumer activity, is clearly reflecting strong growth since the low points of the pandemic. The month-to-month variations are typical and reflect normal seasonal changes.
A preliminary assessment of the 2021 taxable sales and purchases shows that nearly every major industry sector reported an increase in taxable sales and purchases in 2021. The industries with the strongest gains were Mining, Wholesale Trade, and Retail Trade.
Click here for a printable version of the revenues compared to the legislative forecast.
Click here for a printable version of the revenues compared to the previous biennium.
Comments or questions? Contact Joe Morrissette, Office of Management and Budget Director.