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Thursday, November 21, 2024

Idaho's miscellaneous tax revenues unchanged in Q3 2023

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

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

Idaho collected $1 million in miscellaneous tax revenue during the third quarter of 2023, unchanged from the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

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 2023 Idaho Tax Collections

Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$977
Income Taxes$825
License Taxes$107
Miscellaneous Taxes$1

Source: U.S. Census Bureau

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