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Tuesday, December 24, 2024

Kentucky collects $1.9 billion in sales and gross receipt tax revenue in Q3 2021

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Kentucky collected $1.9 billion in sales and gross receipt taxes during the third quarter of 2021, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Overall, Kentucky collected $3.6 billion in combined tax revenues in the latest quarter.

Sales and gross receipt taxes include taxes on licenses, alcohol, amusements, insurance, fuel, parimutuels, public utilities and tobacco products.

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.

3rd Quarter Kentucky Tax Collections

Type of TaxAmount (in millions)
License Taxes$97
Sales and Gross Receipts Taxes$1,854
Property Taxes$24
Income Taxes$1,553
Other Taxes$41

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