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Thursday, November 28, 2024

Florida's miscellaneous tax revenues down 85.9 percent since Q2 2018

Florida collected $119 million in miscellaneous tax revenue during the 2nd quarter of 2019, a 85.9 percent decrease from the same period the previous year when $841 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.

2nd Quarter Florida Tax Collections

Type of TaxAmount (in millions of dollars)
Property Taxes$0
Sales and Gross Receipts Taxes$10,276
Income Taxes$1,527
License Taxes$405
Other Taxes$119
Source: U.S. Census Bureau

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