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Thursday, November 7, 2024

Louisiana's miscellaneous tax revenues up 3.4% in Q3 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 $210 million in miscellaneous tax revenue during the third quarter of 2023, a 3.4% increase over the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $203 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.

Q3 2023 Louisiana Tax Collections

Type of TaxAmount (millions)
Property Taxes$16
Sales and Gross Receipts Taxes$2,198
Income Taxes$1,199
License Taxes$167
Miscellaneous Taxes$210

Source: U.S. Census Bureau

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