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Associated Press, Published May 29 2013

North Dakota sees record growth in taxable sales

BISMARCK — North Dakota Tax Commissioner Cory Fong says the state's strong economy is leading to continued record growth in taxable sales and purchases.

Fong says taxable sales and purchases in the state during the last three months of 2012 totaled about $6.7 billion, up nearly 10 percent over the year. For calendar year 2012, the number was $25.2 billion, up about 29 percent.

Fong says all industries in North Dakota reported growth in 2012.

The most explosive growth is coming from western North Dakota's oil-producing region. Taxable sales and purchases in oil-rich Williams County totaled $4.6 billion for the year. That's up more than 43 percent.

North Dakota Retail Association President Mike Rud (rood) calls the state's economic growth "mindboggling" and "unprecedented."


Copyright 2013 The Associated Press.