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Comparative Statement of Collections
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FOR THE 2017-2019 BIENNIUM & THE 2019-2021 BIENNIUM
Tax Type Sales & Use Taxes Individual Income Tax Corporate Income Tax Oil & Gas Taxes Coal Taxes Motor Fuels Taxes All Other Taxes & Fees 2017-2019 Biennium 2019-2021 Biennium
Increase or Decrease Dollars Percent
$1,965,563,233 $2,007,765,562 $42,202,329 2.15% 781,710,694 821,917,536 40,206,842 5.14% 241,453,904 240,644,398 (809,506) -0.34% 4,615,865,617 3,640,352,614 (975,513,003) -21.13% 75,737,700 71,903,873 (3,833,827) -5.06% 396,307,410 367,252,534 (29,054,876) -7.33% 678,008,877 738,078,606 60,069,729 8.86%
Total Net Collections $8,754,647,435 $7,887,915,122 $(866,732,313) -9.90%
Sales and Use Taxes: The growth in this category is due to modest increases in taxable sales and purchases, and is a measure of the resilience and diversity of the North Dakota economy in dealing with the impacts of the global pandemic.
Individual Income Tax: This category reflects the growth in wages and salaries resulting in increases in income tax liabilities. The impact of the federal pandemic related stimulus payments and unemployment compensation has a minimal impact on this growth. However, wage increases stemming from pandemic employment changes are reflected in this growth.
Corporate Income Tax: The decrease in this category is primarily due to the recessionary impact of the pandemic and associated drop in oil price and production.
Oil and Gas Taxes: The decrease in this category is due to a pandemic-related crash in world oil prices as demand for fuel plummeted in the summer of 2020.
