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Wednesday, December 18, 2024

Oregon's miscellaneous tax revenues down 57.9% in 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

Oregon collected $59 million in miscellaneous tax revenue during the first quarter of 2022, a 57.9% decrease from the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $140 million in the previous quarter.

Net sales reflect companies' total revenue stream, minus the costs of discounts, allowances and product returns.

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 2022 Oregon Tax Collections

Type of TaxAmount (millions)
Property Taxes$5
Sales and Gross Receipts Taxes$323
Income Taxes$2,498
License Taxes$453
Miscellaneous Taxes$59

Source: U.S. Census Bureau

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