Quantcast

Yellowhammer Times

Tuesday, November 26, 2024

Q3 2021: Alabama's combined tax revenues down 16.7% since Q2 2021

Webp xkdd5a3dc57u9bglwhwrmqczsqao

Vernon Barrett, Commissioner of Revenue | Alabama Department of Revenue

Vernon Barrett, Commissioner of Revenue | Alabama Department of Revenue

Alabama collected $3.3 billion in total tax revenues during the third quarter of 2021, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

These tax revenues stem from various sources, including property tax, sales and gross receipts tax, licenses, income tax, and miscellaneous tax.

The majority of the state’s tax revenue was collected through general sales and gross receipts taxes ($1.6 billion) and income taxes ($1.5 billion).

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 2021 Alabama Tax Collections
Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$1,632
Income Taxes$1,507
License Taxes$109
Other Taxes$34
Property Taxes$15

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