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Tuesday, November 5, 2024

Alabama's miscellaneous tax revenues did not change much in Q2

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Alabama collected $28 million in miscellaneous tax revenue during the second quarter of 2021, a minor change from the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

$28 million was reported 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.

Q2 Alabama Tax Collections
Type of TaxAmount (millions)
Property Taxes$20
Sales and Gross Receipts Taxes$1,852
Income Taxes$1,809
License Taxes$347
Other Taxes$28
Source: U.S. Census Bureau

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