Quantcast

Beehive State News

Sunday, May 19, 2024

Utah's miscellaneous tax revenues unchanged in Q1 2023

Webp 6ho4aodt9h6704gsk8uxiegjkgn6

Utah State Tax Commissioner Scott W. Smith | Utah State Tax Commission

Utah State Tax Commissioner Scott W. Smith | Utah State Tax Commission

Utah collected $39 million in miscellaneous tax revenue during the first quarter of 2023, unchanged from the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

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.

Q1 2023 Utah Tax Collections

Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$1,378
Income Taxes$1,312
License Taxes$84
Miscellaneous Taxes$39

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