ND taxable sales up 32 percent in 2nd quarterTaxable sales in North Dakota during April, May and June totaled $4.5 billion, an increase of 32 percent over the year.
BISMARCK, N.D. (AP) — Taxable sales in North Dakota during April, May and June totaled $4.5 billion, an increase of 32 percent over the year.
Tax Commissioner Cory Fong calls it “a remarkable second quarter” given the onset of historic flooding in the state during those months. He says North Dakota is “the bright spot in the nation” in terms of economic growth.
North Dakota's economy has been bolstered by relatively good years in agriculture and the booming oil patch in the western part of the state.
Fong says the third- and fourth-quarter taxable sales reports will more accurately reflect the impact of spring and summer flooding.