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Friday, November 15, 2024

Delaware's miscellaneous tax revenues down 24.3% since Q4 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 $56 million in miscellaneous tax revenue during the fourth quarter of 2023, a 24.3% decrease from the same period the previous year when $74 million was reported, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

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 2023 Delaware Tax Collections

Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$132
Income Taxes$640
License Taxes$433
Miscellaneous Taxes$56

Source: U.S. Census Bureau

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