Overall, Iowa collected $4.6 billion in taxes during the second quarter of 2022, compared to $3.2 billion in the previous quarter.
The majority of the state’s tax revenue was collected through income taxes ($2.3 billion) and general sales and gross receipts taxes ($1.9 billion).
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 Iowa Tax Collections
| Type of Tax | Amount (millions) |
|---|---|
| Income Taxes | $2,325 |
| Sales and Gross Receipts Taxes | $1,947 |
| License Taxes | $275 |
| Other Taxes | $52 |
| Property Taxes | $1 |
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