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Saturday, April 19, 2025

Arizona's combined tax revenues down 9.1% from Q4 to Q1 2024

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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

Combined tax revenues in Arizona decreased 9.1% in the first quarter of 2024 in comparison to the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

Overall, Arizona collected $5.2 billion in taxes during the first quarter of 2024, compared to $5.7 billion in the previous quarter.

The majority of the state’s tax revenue was collected through general sales and gross receipts taxes ($3.5 billion) and income taxes ($1.2 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.

Q1 Arizona Tax Collections
Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$3,521
Income Taxes$1,164
Property Taxes$292
License Taxes$157
Other Taxes$18
Source: U.S. Census Bureau

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