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Wednesday, April 2, 2025

Colorado's miscellaneous tax revenues up 856.5% in Q2 2022

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Heidi Humphreys, Executive Director | Colorado Department of Revenue

Heidi Humphreys, Executive Director | Colorado Department of Revenue

Colorado collected $220 million in miscellaneous tax revenue during the second quarter of 2022, an 856.5% increase over the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $23 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.

Q2 2022 Colorado Tax Collections

Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$1,614
Income Taxes$5,101
License Taxes$174
Miscellaneous Taxes$220

Source: U.S. Census Bureau

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