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Monday, December 23, 2024

Montana's miscellaneous tax revenues down 20.5% in Q4 2022

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

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

Montana collected $70 million in miscellaneous tax revenue during the fourth quarter of 2022, a 20.5% decrease from the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $88 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.

Q4 2022 Montana Tax Collections

Type of TaxAmount (millions)
Property Taxes$155
Sales and Gross Receipts Taxes$187
Income Taxes$596
License Taxes$105
Miscellaneous Taxes$70

Source: U.S. Census Bureau

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