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Sunday, December 22, 2024

California's miscellaneous tax revenues up 4% in Q4 2023

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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)

California collected $26 million in miscellaneous tax revenue during the fourth quarter of 2023, a 4% increase over the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $25 million in the previous quarter.

Net sales reflect companies' total revenue stream, minus the costs of discounts, allowances and product returns.

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 2023 California Tax Collections

Type of TaxAmount (millions)
Property Taxes$836
Sales and Gross Receipts Taxes$19,188
Income Taxes$47,052
License Taxes$3,701
Miscellaneous Taxes$26

Source: U.S. Census Bureau

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