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Thursday, November 21, 2024

Arizona collects $2.7 billion in sales and gross receipt tax revenue in Q1 2021

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Arizona collected $2.7 billion in sales and gross receipt taxes during the first quarter of 2021, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Overall, Arizona collected $4.3 billion in combined tax revenues in the latest quarter.

Sales and gross receipt taxes include taxes on licenses, alcohol, amusements, insurance, fuel, parimutuels, public utilities and tobacco products.

In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

1st Quarter Arizona Tax Collections

Type of TaxAmount (in millions)
License Taxes$161
Sales and Gross Receipts Taxes$2,737
Property Taxes$257
Income Taxes$1,172
Other Taxes$17

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