Quantcast

Gem State Wire

Saturday, November 16, 2024

Idaho's miscellaneous tax revenues up 400% in Q1 2022

Webp k91fgcesrj6v9r3hyiugu6qd2cff

Jeff McCray, Chairman of Tax Commission | Illinois Department of Revenue

Jeff McCray, Chairman of Tax Commission | Illinois Department of Revenue

Idaho collected $5 million in miscellaneous tax revenue during the first quarter of 2022, a 400% increase over the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $1 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.

Q1 2022 Idaho Tax Collections

Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$819
Income Taxes$788
License Taxes$126
Miscellaneous Taxes$5

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