Quantcast

Pelican State News

Thursday, November 7, 2024

Louisiana's combined tax revenues down 22.4% from Q2 to Q3 2023

Webp f40611hrwe1et31aqr9wyrl3y17d

Jay Dardenne, Commissioner of Revenue | Louisiana Department of Revenue

Jay Dardenne, Commissioner of Revenue | Louisiana Department of Revenue

Combined tax revenues in Louisiana decreased 22.4% in the third 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 $3.8 billion in taxes during the third quarter of 2023, compared to $4.9 billion in the previous quarter.

The majority of the state’s tax revenue was collected through general sales and gross receipts taxes ($2.2 billion) and income taxes ($1.2 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.

Q3 Louisiana Tax Collections
Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$2,198
Income Taxes$1,199
Other Taxes$210
License Taxes$167
Property Taxes$16
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