Quantcast

Bluegrass Times

Saturday, November 23, 2024

Kentucky's miscellaneous tax revenues down 3.7% since Q2 2023

Webp vhypr2chjeyrojf0275tl6rq7z29

Thomas B. Miller Commissioner of Revenue at Kentucky Department of Revenue | Kentucky Department of Revenue

Thomas B. Miller Commissioner of Revenue at Kentucky Department of Revenue | Kentucky Department of Revenue

Kentucky collected $52 million in miscellaneous tax revenue during the second quarter of 2023, a 3.7% decrease from the same period the previous year when $54 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.

Q2 2023 Kentucky Tax Collections

Type of TaxAmount (millions)
Property Taxes$78
Sales and Gross Receipts Taxes$2,388
Income Taxes$2,263
License Taxes$112
Miscellaneous Taxes$52

Source: U.S. Census Bureau

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS