Economic Growth Provides Tax Relief - KFYRTV.COM - Bismarck, ND - News, Weather, Sports

Economic Growth Provides Tax Relief

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This is a good time to be living in North Dakota.

The Federal Bureau of Economic Analysis' report on 2013 shows North Dakota's rate of personal growth is three times the national average. And North Dakota's Tax Commissioner says there's another upside to that.

"You have more money flowing through the economy producing more tax revenue which can lead to the opportunity to lower taxes across the board even more, and we've done that. We've provided $2.4 million in tax relief since 2009 and a lot of that is a result of higher wages, and higher incomes," says Tax Commissioner Ryan Rauschenberger.

The analysis credits North Dakota's mining, oil and gas extraction businesses for the growth.

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