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Thursday, October 31, 2024

California's miscellaneous tax revenues down 96.3% since Q3 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 $25 million in miscellaneous tax revenue during the third quarter of 2023, a 96.3% decrease from the same period the previous year when $684 million 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 California Tax Collections

Type of TaxAmount (millions)
Property Taxes$884
Sales and Gross Receipts Taxes$18,227
Income Taxes$26,659
License Taxes$3,650
Miscellaneous Taxes$25

Source: U.S. Census Bureau

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