Colorado collected $62 million in miscellaneous tax revenue during the first quarter of 2023, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.
This is an increase of 181.8% compared to the previous quarter, when Colorado collected $22 million in such taxes.
Overall, Colorado collected $4.1 billion in combined tax revenues in the first quarter of 2023.
The U.S. government collected about $4.3 trillion in tax revenue in 2021. Individual income taxes were the largest source, followed by payroll and corporate taxes, which together accounted for nearly 88% of total revenue.
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.
| Type of Tax | Amount (in millions of dollars) |
|---|---|
| Income Taxes | $2,188 |
| Sales and Gross Receipts Taxes | $1,752 |
| License Taxes | $137 |
| Miscellaneous Taxes | $70 |
Information in this article was obtained from the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes. The source data can be found here.
