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The Bismarck Tribune
Bismarck, Mandan, Burleigh County, Morton County, North Dakota
What is this article about?
North Dakota state income tax collections for 1936 incomes reached $359,804 by September 5, up from $91,711 in 1933, with estimates projecting $552,000 total, driven by more individual returns and higher quarterly payments.
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RETURNS MOUNTING
STEADILY UPWARD
Total Receipts to Sept. 5 Are $359,804 as Compared to $91,711 in '35
Figures showing a steadily mounting revenue from the North Dakota income tax law were announced Monday by the state tax commissioner's office.
Estimates by the income tax division indicate that the tax on 1935 incomes being collected this year will exceed half a million dollars and approximately double the amount collected last year.
The department has set up as the total liability of individuals and corporations due this year at $552,000 compared with collections of $273,996.89 during 1935 and $156,221.48 in 1934, and $91,711.55 in 1933.
'36 Income Is $359,000
Total income receipts this year to September 5, were listed at $359,804.30 of which $267,831.50 came from individuals and $85,252.02 was paid by corporations. The remainder comes from delinquent, prior-quarterlies and additional assessments.
After these payments there is an estimated balance due of $192,519.15 of which three-fourths is attributed to individuals.
Tax commission officials declared that considerable more work is involved in collecting the returns of the new stepped-up tax since payments of the quarterly basis increased ten times from 600 in 1935 to 6,000 this year.
Total Number Higher
The total number of income tax returns also jumped considerably, it was reported. Compared with last year, taxable individual returns increased from 12,994 to 18,880 to more than offset a decrease from 948 to 745 in taxable corporation returns. There also were 10,014 non-taxable returns of both individual and corporation compared with 8,269 last year.
Income tax officials said figures for third quarter payments on the 1935 income tax are not yet available, explaining that the payments were not due until September 15 and many are still being received.
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Where did it happen?
Domestic News Details
Primary Location
North Dakota
Event Date
To September 5, 1936
Outcome
total receipts to sept. 5: $359,804.30; estimated total liability for 1936: $552,000; balance due: $192,519.15
Event Details
Figures from the state tax commissioner's office show steadily mounting revenue from the North Dakota income tax law. Collections for 1935 incomes in 1936 estimated to exceed $500,000, double last year's amount. Individual returns increased from 12,994 to 18,880; corporation returns decreased from 948 to 745. Quarterly payments increased from 600 to 6,000.