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Saturday, November 23, 2024

Alabama's miscellaneous tax revenues down 22.5% since Q3 2023

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Vernon Barrett, Commissioner of Revenue | Alabama Department of Revenue

Vernon Barrett, Commissioner of Revenue | Alabama Department of Revenue

Alabama collected $31 million in miscellaneous tax revenue during the third quarter of 2023, a 22.5% decrease from the same period the previous year when $40 million was reported, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

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 2023 Alabama Tax Collections

Type of TaxAmount (millions)
Property Taxes$19
Sales and Gross Receipts Taxes$1,761
Income Taxes$1,783
License Taxes$119
Miscellaneous Taxes$31

Source: U.S. Census Bureau

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