Quantcast

Grand Canyon Times

Sunday, November 24, 2024

Arizona collects $3.6 billion in sales and gross receipt tax revenue in Q2 2022

Adobestock 41036554

Adobe Stock

Adobe Stock

Arizona collected $3.6 billion in sales and gross receipt taxes during the second quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Overall, Arizona collected $7.4 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.

2nd Quarter Arizona Tax Collections

Type of TaxAmount (in millions)
License Taxes$175
Sales and Gross Receipts Taxes$3,641
Property Taxes$127
Income Taxes$3,455
Other Taxes$33

MORE NEWS