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Monday, December 23, 2024

Utah's miscellaneous tax revenues down 20.5% since Q4 2023

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

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

Utah collected $31 million in miscellaneous tax revenue during the fourth quarter of 2023, a 20.5% decrease from the same period the previous year when $39 million was reported, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

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.

Q4 2023 Utah Tax Collections

Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$1,584
Income Taxes$2,305
License Taxes$85
Miscellaneous Taxes$31

Source: U.S. Census Bureau

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