Quantcast

Golden State Today

Sunday, April 6, 2025

California's income tax revenue up 3.2% since Q4 2021

Webp adobestock 226444001

Adobe Stock

Adobe Stock

California collected $29.5 billion in individual income taxes during the fourth quarter of 2021, a 3.2 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 $28.5 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 $54.4 billion in combined tax revenues in the previous quarter.

Q4 California Tax Collections
Type of TaxAmount (millions)
Property Taxes$777
Sales and Gross Receipts Taxes$19,859
Income Taxes$38,848
License Taxes$3,470
Other Taxes$23
Source: U.S. Census Bureau

MORE NEWS