First State Times

Delaware collected $809 million in individual income taxes during the second quarter of 2024, a 22.4% increase over the first quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

The previous quarter's individual income tax revenue was $661 million.

Individual income taxes are based on net personal income and taxes imposed on such income as dividends, interest, and income from intangibles.

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.

Overall, Delaware collected $2.3 billion in combined tax revenues in the second quarter of 2024, an increase from the $1.7 billion collected in the previous quarter.

Type of Tax	Amount (millions)
Sales and Gross Receipts Taxes	$220
Individual Income Taxes	$809
Corporation Net Income Taxes	$238
License Taxes	$956
Other Taxes	$56

Source: U.S. Census Bureau