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Monday, December 23, 2024

The state of Washington's miscellaneous tax revenues down 22.2% in Q1 2022

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

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

Washington collected $633 million in miscellaneous tax revenue during the first quarter of 2022, a 22.2% decrease from the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $814 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.

Q1 2022 Washington Tax Collections

Type of TaxAmount (millions)
Property Taxes$1,991
Sales and Gross Receipts Taxes$6,326
License Taxes$465
Miscellaneous Taxes$633

Source: U.S. Census Bureau

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