Quantcast

NW Valley Times

Wednesday, December 4, 2024

Arizona collects $1.6 billion in individual income tax revenue in Q3 2021

Adobestock 322992420

Adobe Stock

Adobe Stock

Arizona collected $1.6 billion in individual income taxes during the third quarter of 2021, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

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

Overall, Arizona collected $5.6 billion in combined tax revenues in the third quarter.

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.

Arizona Tax Collections in Q3 2021
Type of TaxAmount (in millions of dollars)
Property Taxes$535
Sales and Gross Receipts Taxes$2,994
Income Taxes$1,881
Source: U.S. Census Bureau

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS