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Sunday, November 24, 2024

Louisiana's miscellaneous tax revenues up 69.2% in Q2 2023

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Jay Dardenne, Commissioner of Revenue | Louisiana Department of Revenue

Jay Dardenne, Commissioner of Revenue | Louisiana Department of Revenue

Louisiana collected $203 million in miscellaneous tax revenue during the second quarter of 2023, a 69.2% increase over the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $120 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.

Q2 2023 Louisiana Tax Collections

Type of TaxAmount (millions)
Property Taxes$7
Sales and Gross Receipts Taxes$2,112
Income Taxes$2,224
License Taxes$341
Miscellaneous Taxes$203

Source: U.S. Census Bureau

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