Quantcast

Beaver State News

Tuesday, December 3, 2024

Oregon's Q2 2023 individual income tax revenue down 28.9% from previous quarter

Oregon collected $2.6 billion in individual income taxes during the second quarter of 2023, a 28.9% decrease from the first quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

The previous quarter's individual income tax revenue was $3.6 billion.

Individual income taxes are based on net personal income and taxes imposed on such income as dividends, interest, and income from intangibles.

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.

Overall, Oregon collected $4.5 billion in combined tax revenues in the the second quarter of 2023, a decrease from the $5.1 billion collected in the previous quarter.

Q2 2023 Oregon Tax Collections
Type of TaxAmount (millions)
Property Taxes$3
Sales and Gross Receipts Taxes$442
Individual Income Taxes$2,569
Corporation Net Income Taxes$680
License Taxes$730
Other Taxes$102
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