New York state's miscellaneous tax revenues up 18.3 percent in Q4 2020

Adobe Stock

By Empire State Today

Jun 25, 2021

New York collected $1 billion in miscellaneous tax revenue during the fourth quarter of 2020, a 18.3 percent increase over the previous quarter when $884 million was reported, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

Net sales reflect companies’ total revenue stream, minus the costs of such things as 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 New York Tax Collections