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Monday, December 23, 2024

Colorado's miscellaneous tax revenues up 47.2 percent since Q2 2018

Colorado collected $78 million in miscellaneous tax revenue during the 2nd quarter of 2019, a 47.2 percent increase over the same period the previous year when $53 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.

2nd Quarter Colorado Tax Collections

Type of TaxAmount (in millions of dollars)
Sales and Gross Receipts Taxes$1,341
Income Taxes$3,121
License Taxes$185
Other Taxes$78
Source: U.S. Census Bureau

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