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Thursday, November 21, 2024

Pennsylvania's miscellaneous tax revenues down 7.8% in Q4 2022

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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 $570 million in miscellaneous tax revenue during the fourth quarter of 2022, a 7.8% decrease from the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $618 million in the previous quarter.

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 2022 Pennsylvania Tax Collections

Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$5,884
Income Taxes$4,861
License Taxes$561
Miscellaneous Taxes$570

Source: U.S. Census Bureau

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