Quantcast

Beaver State News

Thursday, November 21, 2024

Oregon's combined tax revenues up 10.3% from Q2 to Q3 2023

Webp a2dm25918sk6tznygkcd37s1n22v

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 increased 10.3% in the third quarter of 2023 in comparison to the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

Overall, Oregon collected $5 billion in taxes during the third quarter of 2023, compared to $4.5 billion in the previous quarter.

The majority of the state’s tax revenue was collected through income taxes ($3.9 billion) and alcoholic beverages license ($557 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.

Q3 Oregon Tax Collections
Type of TaxAmount (millions)
Income Taxes$3,906
License Taxes$557
Sales and Gross Receipts Taxes$443
Other Taxes$81
Property Taxes$5
Source: U.S. Census Bureau

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS