Quantcast

Hoosier State Today

Friday, May 10, 2024

Indiana's miscellaneous tax revenues up 142.1% in Q2 2023

Webp adtttsw1e3rej6e7c5ewntn3jv2i

Bob Grennes Commissioner of Revenue at Indiana Department of Revenue | Indiana Department of Revenue

Bob Grennes Commissioner of Revenue at Indiana Department of Revenue | Indiana Department of Revenue

Indiana collected $92 million in miscellaneous tax revenue during the second quarter of 2023, a 142.1% increase over the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $38 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.

Q2 2023 Indiana Tax Collections

Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$3,890
Income Taxes$4,476
License Taxes$248
Miscellaneous Taxes$92

Source: U.S. Census Bureau

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