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Wednesday, December 18, 2024

Oregon's combined tax revenues down 15.3% from Q4 to Q1 2022

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Betsy Imholt​​​ Director of Oregon Department of Revenue | Oregon Department of Revenue

Betsy Imholt​​​ Director of Oregon Department of Revenue | Oregon Department of Revenue

Combined tax revenues in Oregon decreased 15.3% in the first quarter of 2022 in comparison to the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

Overall, Oregon collected $3.3 billion in taxes during the first quarter of 2022, compared to $4 billion in the previous quarter.

The majority of the state’s tax revenue was collected through income taxes ($2.5 billion) and alcoholic beverages license ($453 million).

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 Oregon Tax Collections
Type of TaxAmount (millions)
Income Taxes$2,498
License Taxes$453
Sales and Gross Receipts Taxes$323
Other Taxes$59
Property Taxes$5
Source: U.S. Census Bureau

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