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Saturday, November 23, 2024

Colorado's miscellaneous tax revenues down 13.9% since Q4 2023

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Heidi Humphreys, Executive Director | Colorado Department of Revenue

Heidi Humphreys, Executive Director | Colorado Department of Revenue

Colorado collected $62 million in miscellaneous tax revenue during the fourth quarter of 2023, a 13.9% decrease from the same period the previous year when $72 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.

Q4 2023 Colorado Tax Collections

Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$1,650
Income Taxes$3,021
License Taxes$196
Miscellaneous Taxes$62

Source: U.S. Census Bureau

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