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Sunday, May 5, 2024

Arizona's miscellaneous tax revenues down 93% in Q1 2023

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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 $10 million in miscellaneous tax revenue during the first quarter of 2023, a 93% decrease from the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $143 million in the previous quarter.

Net sales reflect companies' total revenue stream, minus the costs of discounts, allowances and product returns.

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 2023 Arizona Tax Collections

Type of TaxAmount (millions)
Property Taxes$274
Sales and Gross Receipts Taxes$3,510
Income Taxes$844
License Taxes$156
Miscellaneous Taxes$10

Source: U.S. Census Bureau

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