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Sunday, November 24, 2024

New York state's miscellaneous tax revenues down 16.5% since Q3 2023

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Amanda Hiller Acting Tax Commissioner at New York State Department of Taxation and Finance | New York State Department of Taxation and Finance

Amanda Hiller Acting Tax Commissioner at New York State Department of Taxation and Finance | New York State Department of Taxation and Finance

New York collected $1.3 billion in miscellaneous tax revenue during the third quarter of 2023, a 16.5% decrease from the same period the previous year when $1.5 billion 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.

Q3 2023 New York Tax Collections

Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$8,468
Income Taxes$16,582
License Taxes$146
Miscellaneous Taxes$1,289

Source: U.S. Census Bureau

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