Idaho collected $1 billion in sales and gross receipts taxes during the third quarter of 2024, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.
This represents a 6% increase over the same quarter the previous year, when sales and gross receipts tax revenue was $977 million.
Sales and gross receipt taxes include taxes on licenses, alcohol, amusements, insurance, fuel, parimutuels, public utilities, and tobacco products.
Individual income taxes are based on net personal income and taxes imposed on dividends, interest, and income from intangibles.
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 state governments.
Overall, Idaho collected $1.9 billion in combined tax revenues in Q3.
| Type of Tax | Amount (millions) |
|---|---|
| Sales and Gross Receipts Taxes | $1,036 |
| Income Taxes | $778 |
| License Taxes | $112 |
| Other Taxes | $12 |
Information in this article was obtained from the U.S. Census Bureau. The source data can be found here.
