Quantcast

Pelican State News

Thursday, November 28, 2024

Q2 2023: Louisiana's combined tax revenues up 41.8% since Q1 2023

Webp f40611hrwe1et31aqr9wyrl3y17d

Jay Dardenne, Commissioner of Revenue | Louisiana Department of Revenue

Jay Dardenne, Commissioner of Revenue | Louisiana Department of Revenue

Louisiana collected $4.9 billion in total tax revenues during the second quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

These tax revenues stem from various sources, including property tax, sales and gross receipts tax, licenses, income tax, and miscellaneous tax.

The majority of the state’s tax revenue was collected through income taxes ($2.2 billion) and general sales and gross receipts taxes ($2.1 billion).

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.

Q2 2023 Louisiana Tax Collections
Type of TaxAmount (millions)
Income Taxes$2,224
Sales and Gross Receipts Taxes$2,112
License Taxes$341
Other Taxes$203
Property Taxes$7

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