Quantcast

Yellowhammer Times

Thursday, November 21, 2024

Alabama's miscellaneous tax revenues down 25.8% in Q4 2023

Webp xkdd5a3dc57u9bglwhwrmqczsqao

Vernon Barrett, Commissioner of Revenue | Alabama Department of Revenue

Vernon Barrett, Commissioner of Revenue | Alabama Department of Revenue

Alabama collected $23 million in miscellaneous tax revenue during the fourth quarter of 2023, a 25.8% decrease from the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $31 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 Alabama Tax Collections

Type of TaxAmount (millions)
Property Taxes$210
Sales and Gross Receipts Taxes$1,598
Income Taxes$1,745
License Taxes$153
Miscellaneous Taxes$23

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