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Sunday, November 24, 2024

Arizona's combined tax revenues down 7.7 percent since Q4 2020

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Arizona collected $4.3 billion in total tax revenues for property, sales and gross receipts, licenses, income taxes and miscellaneous taxes during the first 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 general sales and gross receipts taxes ($2.2 billion) and individual income taxes ($1.1 billion).

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.

Q1 2021 Arizona Tax Collections
Type of TaxAmount (millions)
Property Taxes$257
Sales and Gross Receipts Taxes$2,737
Income Taxes$1,172
License Taxes$161
Other Taxes$17

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