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July 7, 2016
U.S. tax agency investigates Facebook over Ireland asset transfer
The U.S. Internal Revenue Service is examining Facebook Inc over its transfer of various rights associated with its worldwide business to a holding company in Ireland, according to court papers.The U.S. Justice Department filed a lawsuit on Wednesday in federal court in San Francisco...
News/Nation and World
July 7, 2016 - 12:31pm
June 6, 2016
Future of property tax relief in North Dakota in question
North Dakota Democratic leaders are raising alarms about whether the state will be able to continue to provide property tax relief during tough fiscal times, but others don't appear worried. The state has eased property taxes, which are levied by local governments, through a 12 percent...
June 6, 2016 - 6:50am
May 21, 2016
N.D. tax revenues fall $33M short in April, worst month yet since revised forecast in January
BISMARCK -- North Dakota's tax revenues fell $33.4 million short of projections in April, the worst month yet since the state budget office adopted a lower revenue forecast in January to adjust for plunging revenues blamed on depressed oil and farm commodity prices. The Office of...
May 21, 2016 - 9:00am
May 11, 2016
Property tax relief available for residents
Tax Commissioner Ryan Rauschenberger said North Dakota residents may qualify for property tax relief, even if they rent their primary residence. Qualifying individuals may be eligible for a partial refund of their rent. “Senior citizens and disabled individuals may qualify for...
May 11, 2016 - 7:02am
May 10, 2016
Trump retreats on comments on raising taxes on the wealthy
WASHINGTON - Republican presidential candidate Donald Trump backtracked on Monday on his remarks about raising taxes on wealthy Americans, saying...
News/Nation and World
May 10, 2016 - 1:00am
May 7, 2016
Letter to the editor: City doesn't need to add a new tax/fee for residents
If readers have been paying attention to The Jamestown Sun these past few weeks, they have read many articles about the state of North Dakota and the state’s budget. Across-the-board cuts were put into place with the possibility of 90 to 95 percent budgets coming from next year’s...
May 7, 2016 - 6:48am
April 13, 2016
N.D. taxable sales and purchases down nearly 19 percent in 2015
BISMARCK — North Dakota’s mining and oil extraction sector saw a $2 billion dip in taxable sales and purchases in 2015 as depressed crude oil and farm commodity prices brought the state’s economic boom to a grinding halt, according to figures released Tuesday. Taxable sales...
April 13, 2016 - 6:37am
Values rise: Property values used for tax calculations increase
Values used to establish property taxes were increased for residential and commercial properties in Jamestown during the Jamestown Board of Equalization meeting Tuesday. Darrel Wollan, Jamestown city assessor, recommended values of residential properties be increased 7 percent while...
April 13, 2016 - 6:34am
March 16, 2016
New ballot measure could boost cigarette tax by $1.76 a pack
BISMARCK – A group frustrated with the North Dakota Legislature’s repeated refusal to raise tobacco taxes will attempt to put the issue to voters in November, announcing a ballot initiative Wednesday that would hike the tax on a pack of cigarettes by $1.76. The measure also would...
March 16, 2016 - 11:29am
March 10, 2016
U.S., EU officials downplay risk of "tax war"
DUBLIN - Senior U.S. and EU officials on Thursday played down the risk that probes into U.S. firms' tax dealings could lead to a trans-Atlantic tax war, saying both sides were engaging closely to avoid an escalation. The United States Treasury Department has accused European Union...
News/Nation and World
March 10, 2016 - 11:24am
February 5, 2016
Obama's budget proposal includes oil tax hike
WASHINGTON—North Dakota's Congressional delegation is both laughing off and expressing unbridled disgust over President Barack Obama's bid to impose a $10-a-barrel tax on crude oil. The longshot tax proposal, which will be a part of Obama's fiscal 2017 budget plan on Tuesday,...
February 5, 2016 - 6:37am
February 3, 2016
UJ students offering free tax preparation
University of Jamestown accounting students are again offering the IRS-sponsored Volunteer Income Tax Assistance program for low-income and elderly taxpayers for free. There are also volunteers who are trained to prepare tax returns for international students and handle any tax...
February 3, 2016 - 7:03am
January 30, 2016
Residential values to rise
Values used to establish property taxes of single-family residences in Jamestown will likely see a 7 percent across-the-board increase during the appraisal process this spring, according to Darrell Wollan, city assessor. "I'll likely recommend a 7 percent increase," he said. "I make...
January 30, 2016 - 6:35am
January 14, 2016
Tax incentives for businesses under scrutiny
BISMARCK — With falling oil prices dimming the state's budget outlook, North Dakota lawmakers are taking their first in-depth look at whether the state should change or eliminate some tax incentives that have saved millions of dollars for businesses and investors. Industry...
January 14, 2016 - 7:35am
January 7, 2016
Local taxable sales and purchases up
Stutsman County and Jamestown bucked the statewide trend and saw an increase in taxable sales and purchases during the third quarter of 2015. Jamestown sales and purchases rose from $65.4 million in 2014 to $69.2 million in 2015 for a 5.8 percent increase. The sales portion of the...
January 7, 2016 - 7:32am