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Thursday, November 21, 2024

Arizona's miscellaneous tax revenues up 1,050% in Q4 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 $184 million in miscellaneous tax revenue during the fourth quarter of 2023, a 1,050% increase over the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $16 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.

Q4 2023 Arizona Tax Collections

Type of TaxAmount (millions)
Property Taxes$263
Sales and Gross Receipts Taxes$3,327
Income Taxes$1,583
License Taxes$315
Miscellaneous Taxes$184

Source: U.S. Census Bureau

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