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Thursday, November 21, 2024

Georgia's miscellaneous tax revenues up 45.5 percent in Q3 2020

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Georgia collected $32 million in miscellaneous tax revenue during the third quarter of 2020, a 45.5 percent increase over the previous quarter when $22 million was reported, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

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.

Q3 Georgia Tax Collections
Type of TaxAmount (millions)
Property Taxes$177
Sales and Gross Receipts Taxes$2,209
Income Taxes$4,700
License Taxes$147
Other Taxes$32
Source: U.S. Census Bureau

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