Tag Archives: Taxes

north-dakota

For The First Time In Years North Dakota Has A Gloomy Economic Outlook

For The First Time In Years North Dakota Has A Gloomy Economic Outlook

The federal Energy Information Administration is tracking the impact of falling oil prices on state revenues, and for North Dakota they see a more than 20 percent decline since August. “North Dakota’s tax revenue from oil and natural gas production decreased from $323 million in August 2014 to $254 million in January 2015, a 21%

Cigarettes can be seen in a tobacco shop in New York

LaFaive And Nesbit: Raising ND Tobacco Tax Could Lead To Rampant Smuggling

Michael LaFaive is director of the Morey Fiscal Policy Initiative for the Mackinac Center for Public Policy. Todd Nesbit, Ph.D., is senior lecturer in economics at Ohio State University. Two proposals to hike the state excise tax on cigarettes in Bismarck between $1.10 and $1.56 may very well yield the state more revenue, but it will

cigarette-tax

Will Raising North Dakota’s Tobacco Tax Decrease Use, Or Increase Smuggling?

“North Dakota needs to do everything it can to prevent more people from smoking and to encourage smokers to quit,” opines the Bismarck Tribune in an editorial today which is generally supportive of legislation to increase the state’s tobacco taxes. One might quibble with the idea that government ought to be using the tax code to manipulate people

oil pump silhouette

Here’s The Ugly Truth For North Dakota About Oil Prices: Nobody Really Knows

“It’s a big, black cloud hanging over the session,” Senator Dwight Cook, a Republican from Mandan and chairman of the Senate Finance and Taxation Committee, said of oil prices recently as North Dakota’s 2015 legislative session begins. He’s not kidding. State policymakers are staring down the barrel of not one but two oil tax triggers

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North Dakota’s Tax Revenues Did Not Actually Decline 46 Percent In The Third Quarter

Yesterday evening I wrote about a report from the Rockefeller Institute of Government, picked up by Reuters, which described North Dakota’s tax revenues as declining 46.7 percent in the third quarter of 2014 compared to the previous year. I was skeptical because the state’s monthly reports concerning general fund revenues have shown steady growth. The

pile-of-money-5

North Dakota’s Income Tax Collections Soar Even As Rates Are Cut Nearly In Half

During his budget address to the Legislature last week Governor Jack Dalrymlpe, by way of trying to bolster a measly proposal for just $125 million in personal/corporate income tax relief, pointed out that if lawmaker institute his proposed cuts the income tax rates will be nearly 50 percent lower than before 2009. Collective, that’s not

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