Quantcast

Centennial State News

Sunday, December 22, 2024

Colorado collects $1.6 billion million in sales and gross receipt tax revenue in Q4

Adobestock 174471984

Adobe Stock

Adobe Stock

Colorado collected $1.6 billion in sales and gross receipt taxes during the fourth quarter of 2022, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Sales and gross receipt taxes include taxes on licenses, alcohol, amusements, insurance, fuel, parimutuels, public utilities and tobacco products.

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, Colorado collected $4.7 billion in combined tax revenues in the latest quarter.

4th Quarter Colorado Tax Collections

Type of TaxAmount (in millions)
Sales and Gross Receipts Taxes$1,636
Income Taxes$2,830
License Taxes$196
Other Taxes$72

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

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS