Quantcast

Keystone Today

Sunday, December 22, 2024

Pennsylvania’s sales and gross receipts tax revenue up 62.9% in Q4 compared to previous quarter

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 $6.4 billion in sales and gross receipts taxes during the fourth quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

This is a 62.9% increase over the previous quarter when sales and gross receipts tax revenue was $3.9 billion.

Sales and gross receipt taxes include taxes on licenses, alcohol, amusements, insurance, fuel, parimutuels, public utilities, and tobacco products.

Individual income taxes are based on net personal income and taxes imposed on 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 it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments. Also, not all states collect all types of taxes.

Overall, Pennsylvania collected $12.2 billion in combined tax revenues in Q4.

Q4 Pennsylvania Tax Collections

Type of TaxAmount (millions)
Income Taxes$4,657
License Taxes$559
Other Taxes$574
Property Taxes$0
Sales and Gross Receipts Taxes$6,386

Source: U.S. Census Bureau

ORGANIZATIONS IN THIS STORY

!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