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Sunday, November 24, 2024

Louisiana's miscellaneous tax revenues down 40.7% in Q4 2022

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Jay Dardenne, Commissioner of Revenue | Louisiana Department of Revenue

Jay Dardenne, Commissioner of Revenue | Louisiana Department of Revenue

Louisiana collected $121 million in miscellaneous tax revenue during the fourth quarter of 2022, a 40.7% decrease from the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $204 million in the previous quarter.

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.

Q4 2022 Louisiana Tax Collections

Type of TaxAmount (millions)
Property Taxes$14
Sales and Gross Receipts Taxes$2,026
Income Taxes$1,453
License Taxes$133
Miscellaneous Taxes$121

Source: U.S. Census Bureau

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