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Tuesday, November 5, 2024

Colorado's miscellaneous tax revenues down 22.2% in Q4 2021

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Heidi Humphreys, Executive Director | Colorado Department of Revenue

Heidi Humphreys, Executive Director | Colorado Department of Revenue

Colorado collected $28 million in miscellaneous tax revenue during the fourth quarter of 2021, a 22.2% decrease from the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $36 million in the previous quarter.

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.

Q4 2021 Colorado Tax Collections

Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$1,528
Income Taxes$2,732
License Taxes$223
Miscellaneous Taxes$28

Source: U.S. Census Bureau

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