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Tuesday, December 24, 2024

Vermont collects $336 million in sales and gross receipt tax revenue in Q4 2021

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Vermont collected $336 million in sales and gross receipt taxes during the fourth quarter of 2021, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Overall, Vermont collected $780 million in combined tax revenues in the latest quarter.

Sales and gross receipt taxes include taxes on licenses, alcohol, amusements, insurance, fuel, parimutuels, public utilities and tobacco products.

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.

4th Quarter Vermont Tax Collections

Type of TaxAmount (in millions)
License Taxes$32
Sales and Gross Receipts Taxes$336
Property Taxes$105
Income Taxes$269
Other Taxes$38

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