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Sunday, December 22, 2024

Pennsylvania's miscellaneous tax revenues up seven percent in Q4 2020

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Pennsylvania collected $519 million in miscellaneous tax revenue during the fourth quarter of 2020, a seven percent increase over the previous quarter when $485 million was reported, 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.

Q4 Pennsylvania Tax Collections
Type of TaxAmount (millions)
Property Taxes$1
Sales and Gross Receipts Taxes$4,937
Income Taxes$3,870
License Taxes$625
Other Taxes$519
Source: U.S. Census Bureau

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