Quantcast

Keystone Today

Saturday, May 18, 2024

Higher individual income tax revenue in Pennsylvania as of Q1 2023 compared to Q1 2022

Webp b5fmaizbbtkmkz9ypzirbe6eawz9

Patrick M. Browne Secretary of Revenue at Pennsylvania Department of Revenue | Pennsylvania Department of Revenue

Patrick M. Browne Secretary of Revenue at Pennsylvania Department of Revenue | Pennsylvania Department of Revenue

Pennsylvania collected $4.3 billion in individual income taxes during the first quarter of 2023, a 4.4% increase over the same period in the previous year, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

In the first quarter of 2022, $4.1 billion was collected in individual income taxes.

Individual income taxes are based on net personal income and taxes imposed on such income as dividends, interest and income from intangibles.

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 state governments.

Overall, Pennsylvania collected $14.4 billion in combined tax revenues in the first quarter of 2023.

Q1 2023 Pennsylvania Tax Collections

Type of TaxAmount (in millions of dollars)
Property Taxes$0
Sales and Gross Receipts Taxes$7,517
License Taxes$997
Individual Income Taxes$4,256
Total Income Taxes$5,293
Other Taxes$578

Source: U.S. Census Bureau

!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