Quantcast

Minnesota State Wire

Monday, November 25, 2024

Minnesota's miscellaneous tax revenues up 20% in Q2 2023

Webp 6pjgpzdjhwcg5zqtq0vlkc8vtf6x

Paul Marquart Commissioner of Revenue at Minnesota Department of Revenue | Minnesota Department of Revenue

Paul Marquart Commissioner of Revenue at Minnesota Department of Revenue | Minnesota Department of Revenue

Minnesota collected $162 million in miscellaneous tax revenue during the second quarter of 2023, a 20% increase over the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $135 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 Minnesota Tax Collections

Type of TaxAmount (millions)
Property Taxes$402
Sales and Gross Receipts Taxes$3,324
Income Taxes$5,853
License Taxes$398
Miscellaneous Taxes$162

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