Quantcast

Grand Canyon Times

Sunday, May 5, 2024

Arizona collects $3.7 billion in sales and gross receipt tax revenue in Q2 2023

Adobestock 251268502

Adobe Stock

Adobe Stock

Arizona collected $3.7 billion in sales and gross receipt taxes during the second quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Overall, Arizona's combined tax revenues reached $6.5 billion during the year, as of second quarter of 2023.

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.

Q2 2023 Arizona Tax Collections

Type of TaxAmount (millions)
License Taxes$208
Sales and Gross Receipts Taxes$3,749
Property Taxes$130
Income Taxes$2,367
Other Taxes$20

MORE NEWS