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Friday, November 1, 2024

Vermont's miscellaneous tax revenues up 6.9% since Q1 2023

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Vermont Tax Commissioner Craig Bolio | Vermont Department of Taxes

Vermont Tax Commissioner Craig Bolio | Vermont Department of Taxes

Vermont collected $31 million in miscellaneous tax revenue during the first quarter of 2023, a 6.9% increase over the same period the previous year when $29 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.

Q1 2023 Vermont Tax Collections

Type of TaxAmount (millions)
Property Taxes-$21
Sales and Gross Receipts Taxes$401
Income Taxes$325
License Taxes$45
Miscellaneous Taxes$31

Source: U.S. Census Bureau

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