Sections

Weather Forecast

Close

Taxable sales and purchases down almost 20 percent in North Dakota

North Dakota Capitol in Bismarck. Forum photo by Darren Gibbins

BISMARCK — Taxable sales and purchases were down almost 20 percent in the third quarter of 2016 compared with the same time period a year before, North Dakota Tax Commissioner Ryan Rauschenberger announced Thursday, Jan. 12.

Taxable sales and purchases totaled $4.6 billion in July, August and September of last year. Rauschenberger cited lower oil and farm commodity prices for the decline.

The $4.6 billion figure is closer to what third quarter taxable sales and purchases were six years ago, Rauschenberger said, adding that a "new normal" may emerge soon.

Forum News Service

The Forum Communications News Service is the premier news wire service covering the Upper Midwest, including the Dakotas, Minnesota and Wisconsin. In addition to breaking and enterprise news, we offer a wide variety of sports, features, business, agriculture, outdoors and opinion content. For more information about the services we offer or to discuss content subscriptions, please contact us.

Advertisement
randomness