New York state's miscellaneous tax revenues up 28.4% in Q1

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By Empire State Today

Dec 2, 2021

New York collected $1.4 billion in miscellaneous tax revenue during the first quarter of 2021, a 28.4 percent increase over the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

$1.1 billion was reported 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.

Q1 New York Tax Collections