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Monday, December 23, 2024

California's combined tax revenues up 9.9% from Q3 to Q4 2022

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Malia M. Cohen, California Controller | Board of Equalization (State of California Board of Equalization)

Malia M. Cohen, California Controller | Board of Equalization (State of California Board of Equalization)

Combined tax revenues in California increased 9.9% in the fourth quarter of 2022 in comparison to the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

Overall, California collected $57.4 billion in taxes during the fourth quarter of 2022, compared to $52.2 billion in the previous quarter.

The majority of the state’s tax revenue was collected through income taxes ($33.5 billion) and general sales and gross receipts taxes ($19.2 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.

Q4 California Tax Collections
Type of TaxAmount (millions)
Income Taxes$33,466
Sales and Gross Receipts Taxes$19,151
License Taxes$3,210
Property Taxes$825
Other Taxes$739
Source: U.S. Census Bureau

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