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Thursday, November 21, 2024

Montana's miscellaneous tax revenues down 8.6% since Q4 2023

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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 $64 million in miscellaneous tax revenue during the fourth quarter of 2023, an 8.6% decrease from the same period the previous year when $70 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.

Q4 2023 Montana Tax Collections

Type of TaxAmount (millions)
Property Taxes$160
Sales and Gross Receipts Taxes$237
Income Taxes$663
License Taxes$97
Miscellaneous Taxes$64

Source: U.S. Census Bureau

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