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Friday, November 15, 2024

Illinois's miscellaneous tax revenues down 28.1% since Q2 2023

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David Harris Commissioner of Revenue at Illinois Department of Revenue | Illinois Department of Revenue

David Harris Commissioner of Revenue at Illinois Department of Revenue | Illinois Department of Revenue

Illinois collected $151 million in miscellaneous tax revenue during the second quarter of 2023, a 28.1% decrease from the same period the previous year when $210 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.

Q2 2023 Illinois Tax Collections

Type of TaxAmount (millions)
Property Taxes$19
Sales and Gross Receipts Taxes$6,813
Income Taxes$10,450
License Taxes$1,118
Miscellaneous Taxes$151

Source: U.S. Census Bureau

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