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Tuesday, November 5, 2024

Arizona's combined tax revenues up 35.1 percent from Q1 to Q2 2021

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Arizona collected $5.9 billion combined tax revenues and income taxes during the second quarter of 2021, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

The majority of the state’s tax revenue was collected through property, general sales and gross receipts taxes ($3.3 billion) and individual income taxes ($2.3 billion).

This is a 35.1 percent increase from the previous quarter when $4.3 billion was reported.

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.

Q2 Arizona Tax Collections
Type of TaxAmount (millions)
Property Taxes$123
Sales and Gross Receipts Taxes$3,258
Income Taxes$2,292
License Taxes$186
Other Taxes$8
Source: U.S. Census Bureau

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