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Sunday, November 24, 2024

Louisiana's combined tax revenues up 41.4% from Q1 to Q2 2023

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Jay Dardenne, Commissioner of Revenue | Louisiana Department of Revenue

Jay Dardenne, Commissioner of Revenue | Louisiana Department of Revenue

Combined tax revenues in Louisiana increased 41.4% in the second quarter of 2023 in comparison to the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

Overall, Louisiana collected $4.9 billion in taxes during the second quarter of 2023, compared to $3.5 billion in the previous quarter.

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 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
Source: U.S. Census Bureau

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