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Monday, October 7, 2024

Pennsylvania's combined tax revenues down 15 percent from Q2 to Q3 2021

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Pennsylvania collected $11.4 billion combined tax revenues and income taxes during the third quarter of 2021, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

The majority of the state’s tax revenue was collected through property, general sales and gross receipts taxes ($5.6 billion) and individual income taxes ($4.4 billion).

This is a 15 percent decrease from the previous quarter when $13.4 billion was reported.

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.

Q3 Pennsylvania Tax Collections
Type of TaxAmount (millions)
Property Taxes$2
Sales and Gross Receipts Taxes$5,647
Income Taxes$4,375
License Taxes$697
Other Taxes$631
Source: U.S. Census Bureau

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