Quantcast

First State Times

Friday, November 15, 2024

Q3 2022: Delaware's combined tax revenues down 42.1% since Q2 2022

Webp wyrh1zvosdy2akwpl52bb1tuscmv

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 $1.3 billion in total tax revenues during the third quarter of 2022, 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 ($629 million) and alcoholic beverages license ($456 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.

Q3 2022 Delaware Tax Collections
Type of TaxAmount (millions)
Income Taxes$629
License Taxes$456
Sales and Gross Receipts Taxes$147
Other Taxes$86

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

MORE NEWS