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Monday, December 23, 2024

The state of Washington's miscellaneous tax revenues up 18.5% in Q2 2023

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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 $525 million in miscellaneous tax revenue during the second quarter of 2023, an 18.5% increase over the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $443 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.

Q2 2023 Washington Tax Collections

Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$7,522
Income Taxes$844
License Taxes$583
Miscellaneous Taxes$525

Source: U.S. Census Bureau

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