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Centennial State News

Tuesday, November 5, 2024

Colorado's miscellaneous tax revenues up 204.3% since Q1 2023

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Heidi Humphreys, Executive Director | Colorado Department of Revenue

Heidi Humphreys, Executive Director | Colorado Department of Revenue

Colorado collected $70 million in miscellaneous tax revenue during the first quarter of 2023, a 204.3% increase over the same period the previous year when $23 million was reported, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

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.

Q1 2023 Colorado Tax Collections

Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$1,752
Income Taxes$2,188
License Taxes$137
Miscellaneous Taxes$70

Source: U.S. Census Bureau

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