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Sunday, April 6, 2025

California's income tax revenue up 144 percent since Q3 2020

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California collected $39.8 billion in individual income taxes during the third quarter of 2020, a 144 percent increase over the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

The previous quarter’s income tax revenue was $16.3 billion.

Individual income taxes are based on net personal income and taxes imposed on dividends, interest and income from intangibles.

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.

Overall, California collected $34.7 billion in combined tax revenues in the previous quarter.

Q3 California Tax Collections
Type of TaxAmount (millions)
Property Taxes$818
Sales and Gross Receipts Taxes$15,576
Income Taxes$46,763
License Taxes$2,756
Other Taxes$16
Source: U.S. Census Bureau

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