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Monday, December 23, 2024

Wisconsin's miscellaneous tax revenues down 28.9% in Q3 2022

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Secretary Peter W. Barca at Wisconsin Department of Revenue | Wisconsin Department of Revenue

Secretary Peter W. Barca at Wisconsin Department of Revenue | Wisconsin Department of Revenue

Wisconsin collected $32 million in miscellaneous tax revenue during the third quarter of 2022, a 28.9% decrease from the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $45 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.

Q3 2022 Wisconsin Tax Collections

Type of TaxAmount (millions)
Property Taxes$4
Sales and Gross Receipts Taxes$1,804
Income Taxes$2,445
License Taxes$267
Miscellaneous Taxes$32

Source: U.S. Census Bureau

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