Quantcast

Gem State Wire

Saturday, April 19, 2025

Idaho's combined tax revenues down 0.5% from Q4 to Q1 2024

Webp k91fgcesrj6v9r3hyiugu6qd2cff

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

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

Combined tax revenues in Idaho decreased 0.5% in the first quarter of 2024 in comparison to the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

Overall, Idaho collected $1.9 billion in taxes during the first quarter of 2024, compared to $2 billion in the previous quarter.

The majority of the state’s tax revenue was collected through income taxes ($938 million) and general sales and gross receipts taxes ($884 million).

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 Idaho Tax Collections
Type of TaxAmount (millions)
Income Taxes$938
Sales and Gross Receipts Taxes$884
License Taxes$124
Other Taxes$1
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