The Official Newspaper for Foster County
The Official Newspaper for Foster County
Tax Commissioner Brian Kroshus released the 2021 annual and 2021 fourth quarter taxable sales and purchases reports last week.
In the calendar year 2021, taxable sales and purchases totaled $20.3 billion, a 9.2 percent increase from $18.6 billion in 2020.
“The more than nine percent increase in taxable sales and purchases for the year 2021 demonstrates continued economic recovery and a gradual return to pre-pandemic levels,” Kroshus stated. “After a year of significant decline in 2020, it’s encouraging to see the North Dakota economy regain its footing this past year.”
Of the 15 major industry sectors, 13 reported taxable sales and purchases increases when compared to 2020. Most notably, the Transportation and Warehousing sector increased by $67 million (a 43.4% increase), the Arts, Entertainment, and Recreation sector increased by $34 million (a 38.7% increase), and the Retail Trade sector increased by $916 million (a 12.7% increase).
“The increase in 13 industry sectors is a testament to the strength of our state’s diversified economy,” Kroshus said. “In the second, third, and fourth quarters of 2021, most industry sectors were noticeably increasing, instead of contracting.”
Locally, the City of Carrington generated $54,713,598 in taxable sales and purchases in 2021, an increase of 6.35 percent over 2020 (from $51,447,361).
Foster County taxable sales and purchases totaled $55,656,509 in 2021, up 6.45 percent from $52,283,833 in 2020. Fourth quarter numbers were up 11.61 percent over 2020.
Carrington collected $87,610 in sales tax from remote online sellers during 2021, up from $58,191 in 2020. Considering Carrington collects 2 percent sales tax, that means Carrington residents and businesses purchased $4.38 million in goods from remote online sellers last year.
The City of Binford began collecting city sales tax in 2021, and according to data from the N.D. Tax Commissioner, the town generated $6,357 in taxes from remote sellers. There was no data available for the city’s total taxable sales and purchases, as the report only notes totals from the 50 largest cities.
