Quantcast

Big Sky Times

Thursday, November 21, 2024

Montana's combined tax revenues down 6.4 percent from Q4 to Q1 2021

Adobestock 174471984

Adobe Stock

Adobe Stock

Montana collected $819 million combined tax revenues and income taxes during the first quarter of 2021, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

The majority of the state’s tax revenue was collected through property, individual income taxes ($415 million) and alcoholic beverages sales tax ($166 million).

This is a 6.4 percent decrease from the previous quarter when $875 million was reported.

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.

Q1 Montana Tax Collections
Type of TaxAmount (millions)
Property Taxes$47
Sales and Gross Receipts Taxes$166
Income Taxes$415
License Taxes$160
Other Taxes$31
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