Arizona's combined tax revenues up 45.7% from Q1 to Q2 2022

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

By Grand Canyon Times

Jul 2, 2022

Combined tax revenues in Arizona increased 45.7% in the second quarter of 2022 in comparison to the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

Overall, Arizona collected $7.4 billion in taxes during the second quarter of 2022, compared to $5.1 billion in the previous quarter.

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 Arizona Tax Collections