Quantcast

Empire State Today

Thursday, November 7, 2024

New York state combined tax revenues up 45.5 percent since Q4 2020

Genbusiness006

New York collected $28 billion in total tax revenues for property, sales and gross receipts, licenses, income taxes and miscellaneous taxes during the first quarter of 2021, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

The majority of the state’s tax revenue was collected through individual income taxes ($18.2 billion) and general sales and gross receipts taxes ($3.7 billion).

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 2021 New York Tax Collections
Type of TaxAmount (millions)
Property Taxes$0
Sales and Gross Receipts Taxes$6,896
Income Taxes$19,558
License Taxes$141
Other Taxes$1,394

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS