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Monday, November 25, 2024

Connecticut's miscellaneous tax revenues down 29.2 percent since Q2 2018

Connecticut collected $121 million in miscellaneous tax revenue during the 2nd quarter of 2019, a 29.2 percent decrease from the same period the previous year when $171 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.

2nd Quarter Connecticut Tax Collections

Type of TaxAmount (in millions of dollars)
Sales and Gross Receipts Taxes$1,868
Income Taxes$3,496
License Taxes$111
Other Taxes$121
Source: U.S. Census Bureau

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