Q3 2023: Montana's combined tax revenues down 43.6% since Q2 2023

Brendan Beatty Director of Montana Department of Revenue | Montana Department of Revenue

By Big Sky Times

Oct 1, 2023

Montana collected $880 million in total tax revenues during the third quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

These tax revenues stem from various sources, including property tax, sales and gross receipts tax, licenses, income tax, and miscellaneous tax.

The majority of the state’s tax revenue was collected through income taxes ($550 million) and alcoholic beverages sales tax ($164 million).

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 2023 Montana Tax Collections