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Friday, December 27, 2024

Colorado's miscellaneous tax revenues down 153.8 percent in Q3 2020

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Colorado collected in miscellaneous tax revenue during the third quarter of 2020, a 153.8 percent decrease from the previous quarter when $39 million was reported, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

Net sales reflect companies’ total revenue stream, minus the costs of discounts, allowances and product returns.

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 Colorado Tax Collections
Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$1,358
Income Taxes$3,437
License Taxes$204
Other Taxes-$21
Source: U.S. Census Bureau

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