Minnesota's combined tax revenues up 55.2 percent since Q1 2021

By Minnesota State Wire

Feb 4, 2022

Minnesota collected $10.5 billion in total tax revenues for property, sales and gross receipts, licenses, income taxes and miscellaneous taxes during the second 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 individual income taxes ($5.1 billion) and general sales and gross receipts taxes ($2.1 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.

Q2 2021 Minnesota Tax Collections