Washington State's combined tax revenues down 15.4% from Q3 to Q4 2022

Drew Shirk Director of the Department of Revenue at Washington Department of Revenue | Washington Department of Revenue

By Evergreen Reporter

Jan 2, 2023

Combined tax revenues in Washington decreased 15.4% 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, Washington collected $8.5 billion in taxes during the fourth quarter of 2022, compared to $10 billion in the previous quarter.

The majority of the state’s tax revenue was collected through general sales and gross receipts taxes ($7 billion) and death and gift taxes ($675 million).

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 Washington State Tax Collections