Quantcast

Hoosier State Today

Thursday, November 7, 2024

Indiana collects $3.5 billion in sales and gross receipt tax revenue in Q4 2021

Adobestock 294508985

Adobe Stock

Adobe Stock

Indiana collected $3.5 billion in sales and gross receipt taxes during the fourth quarter of 2021, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Overall, Indiana collected $6.3 billion in combined tax revenues in the latest quarter.

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.

4th Quarter Indiana Tax Collections

Type of TaxAmount (in millions)
License Taxes$186
Sales and Gross Receipts Taxes$3,527
Income Taxes$2,565
Other Taxes$43

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS