Minnesota State Wire

Minnesota collected $3.3 billion in individual income taxes during the third quarter of 2022, a 4.6% decrease from the same period the previous year, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

In the third quarter of 2021, $3.4 billion was collected.

Individual income taxes are based on net personal income and taxes imposed on such income as dividends, interest and income from intangibles.

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 state governments.

Overall, Minnesota collected $8.1 billion in combined tax revenues in the third quarter of 2022.

Type of Tax	Amount (in millions of dollars)
Property Taxes	$22
Sales and Gross Receipts Taxes	$3,323
License Taxes	$320
Income Taxes	$4,287
Other Taxes	$170

Source: U.S. Census Bureau