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Friday, May 17, 2024

Q2 2023: Delaware's combined tax revenues up 28.7% since Q1 2023

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Kathy L. Revel Director Division of Revenue at Delaware Department of Finance | Delaware Department of Finance - Division of Revenue

Kathy L. Revel Director Division of Revenue at Delaware Department of Finance | Delaware Department of Finance - Division of Revenue

Delaware collected $2.2 billion in total tax revenues during the second quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

These tax revenues stem from various sources, including property tax, sales and gross receipts tax, licenses, income tax, and miscellaneous tax.

The majority of the state’s tax revenue was collected through income taxes ($994 million) and alcoholic beverages license ($960 million).

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 Delaware Tax Collections
Type of TaxAmount (millions)
Income Taxes$994
License Taxes$960
Sales and Gross Receipts Taxes$225
Other Taxes$59

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