For the first time in eight quarters, North Dakota’s taxable sales and purchases increased.
For April, May and June, $4.687 billion in taxable sales and purchases were made, a 6.8 percent increase over the same period last year, according to state Tax Department data.
Tax Commissioner Ryan Rauschenberger called the report “good news for the state of North Dakota.”
“Our new normal is emerging and it is comparable to pre-oil boom levels,” Rauschenberger said in a statement.
Eight of the 15 major sectors reported taxable sales and purchases gains when compared to the second quarter a year ago, including the mining and oil extraction sector, which increased by $195.9 million or 68.76 percent.
“We’ve been seeing an increase in Bakken activity. Oil production is moderately increasing, and rig counts are going up,” Rauschenberger said.
Oil field counties Williams and McKenzie saw 31.9 percent and 27.9 percent increases respectively.
Taxable sales and purchases were $364,482,943 in Williams County and $53,182,801 in McKenzie County.
Burleigh County had a slight increase in taxable sales and purchases to $431,033,159, up .02 percent. Morton County was up 4.75 percent to $76,770,595. McLean County was up nearly 15 percent to $19,116,977. Mercer was up 16.96 percent to $20,674,860.