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Minnesota State Wire

Tuesday, November 5, 2024

Minnesota's miscellaneous tax revenues down 11.2% in Q3 2021

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Minnesota collected $166 million in miscellaneous tax revenue during the third quarter of 2021, a 11.2 percent decrease from the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

$187 million was reported 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.

Q3 Minnesota Tax Collections
Type of TaxAmount (millions)
Property Taxes$22
Sales and Gross Receipts Taxes$2,787
Income Taxes$4,022
License Taxes$326
Other Taxes$166
Source: U.S. Census Bureau

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