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Hoosier State Today

Saturday, December 28, 2024

Indiana's combined tax revenues up 1.4 percent from Q4 to Q1 2021

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Indiana collected $5.7 billion combined tax revenues and income taxes during the first quarter of 2021, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

The majority of the state’s tax revenue was collected through property, general sales and gross receipts taxes ($3.1 billion) and individual income taxes ($2.4 billion).

This is a 1.4 percent increase from the previous quarter when $5.6 billion was reported.

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 Indiana Tax Collections
Type of TaxAmount (millions)
Property Taxes$3
Sales and Gross Receipts Taxes$3,119
Income Taxes$2,362
License Taxes$199
Other Taxes$32
Source: U.S. Census Bureau

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