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Thursday, December 26, 2024

Minnesota reports $340 million in miscellaneous tax revenues in Q3

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Minnesota collected $340 million in miscellaneous tax revenue during the 3rd quarter, 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.

3rd Quarter Minnesota Tax Collections

Type of TaxAmount (in millions of dollars)
Property Taxes$68
Sales and Gross Receipts Taxes$5,326
Income Taxes$9,226
License Taxes$694
Other Taxes$340
Source: U.S. Census Bureau

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