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Sunday, November 24, 2024

Q2 2022: Arizona's combined tax revenues up 45.7% since Q1 2022

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Rob Woods Director of Department of Revenue at state of Arizona Dpt. of Revenue | State of Arizona Department of Revenue

Rob Woods Director of Department of Revenue at state of Arizona Dpt. of Revenue | State of Arizona Department of Revenue

Arizona collected $7.4 billion in total tax revenues during the second quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

These tax revenues stem from various sources, including property tax, sales and gross receipts tax, licenses, income tax, and miscellaneous tax.

The majority of the state’s tax revenue was collected through general sales and gross receipts taxes ($3.6 billion) and income taxes ($3.5 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.

Q2 2022 Arizona Tax Collections
Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$3,641
Income Taxes$3,455
License Taxes$175
Property Taxes$127
Other Taxes$33

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