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Thursday, November 21, 2024

Pennsylvania's miscellaneous tax revenues up 1.4% in Q4 2023

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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 $574 million in miscellaneous tax revenue during the fourth quarter of 2023, a 1.4% increase over the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $566 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 2023 Pennsylvania Tax Collections

Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$6,386
Income Taxes$4,657
License Taxes$559
Miscellaneous Taxes$574

Source: U.S. Census Bureau

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