Quantcast

Pine State News

Saturday, November 23, 2024

Maine's miscellaneous tax revenues down 31.3% in Q4 2022

Webp 1cvb698dt8vivk9kgq7xa3wxmllh

Kirsten Figueroa Commissioner of Revenue at Maine Revenue Services | Maine Revenue Service

Kirsten Figueroa Commissioner of Revenue at Maine Revenue Services | Maine Revenue Service

Maine collected $22 million in miscellaneous tax revenue during the fourth quarter of 2022, a 31.3% decrease from the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $32 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.

Q4 2022 Maine Tax Collections

Type of TaxAmount (millions)
Property Taxes$1
Sales and Gross Receipts Taxes$786
Income Taxes$661
License Taxes$70
Miscellaneous Taxes$22

Source: U.S. Census Bureau

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS