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Hawkeye Reporter

Sunday, December 22, 2024

Iowa's miscellaneous tax revenues down 25.8% since Q1 2023

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Mary Mosiman Director Department of Revenue at Iowa Department of Revenue | Iowa Department of Revenue

Mary Mosiman Director Department of Revenue at Iowa Department of Revenue | Iowa Department of Revenue

Iowa collected $23 million in miscellaneous tax revenue during the first quarter of 2023, a 25.8% decrease from the same period the previous year when $31 million was reported, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

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 2023 Iowa Tax Collections

Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$1,538
Income Taxes$1,329
License Taxes$311
Miscellaneous Taxes$23

Source: U.S. Census Bureau

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