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Friday, April 26, 2024

Iowa's miscellaneous tax revenues down 14.8 percent since Q2 2018

Iowa collected $23 million in miscellaneous tax revenue during the 2nd quarter of 2019, a 14.8 percent decrease from the same period the previous year when $27 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.

2nd Quarter Iowa Tax Collections

Type of TaxAmount (in millions of dollars)
Property Taxes$1
Sales and Gross Receipts Taxes$1,253
Income Taxes$1,302
License Taxes$260
Other Taxes$23
Source: U.S. Census Bureau

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