Arizona’s tax revenues up 1.7 percent since Q1 2018

Government
Money272

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

Arizona collected $3.5 billion in property, sales and gross receipts, licenses, income taxes and miscellaneous other taxes during the 1st quarter of 2019, a 1.7 percent increase over the same period the previous year when $3.5 billion was reported, 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 sales and gross receipts taxes ($2.3 billion) and income taxes ($825 million).

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. Also, not all states collect all types of taxes.

1st Quarter Arizona Tax Collections
Type of TaxAmount (in millions of dollars)
Property Taxes$239
Sales and Gross Receipts Taxes$2,335
Income Taxes$825
License Taxes$135
Other Taxes$6
Source: U.S. Census Bureau

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

MORE NEWS