Green Mountain Times

Vermont collected $235 million in individual income taxes during the first quarter of 2021, a 27.7 percent increase over the same period the previous year, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

In the first quarter of 2020, $184 million was collected.

Individual income taxes are based on net personal income and taxes imposed on such income as dividends, interest and income from intangibles.

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 state governments.

Overall, Vermont collected $669 million in combined tax revenues in the first quarter of 2021.

Type of Tax	Amount (in millions of dollars)
Property Taxes	$1
Sales and Gross Receipts Taxes	$328
License Taxes	$44
Income Taxes	$278
Other Taxes	$16