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Gem State Wire

Thursday, October 17, 2024

Idaho's miscellaneous tax revenues up 100% in Q3 2021

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Idaho collected $2 million in miscellaneous tax revenue during the third quarter of 2021, a 100 percent increase over the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

$1 million was reported 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.

Q3 Idaho Tax Collections
Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$922
Income Taxes$597
License Taxes$106
Other Taxes$2
Source: U.S. Census Bureau

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