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Saturday, May 18, 2024

Ohio's miscellaneous tax revenues unchanged in Q1 2023

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Patricia Harris Tax Commissioner at Ohio Department of Taxation | Ohio Department of Taxation

Patricia Harris Tax Commissioner at Ohio Department of Taxation | Ohio Department of Taxation

Ohio collected $16 million in miscellaneous tax revenue during the first quarter of 2023, unchanged from the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

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 2023 Ohio Tax Collections

Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$7,076
Income Taxes$2,339
License Taxes$719
Miscellaneous Taxes$16

Source: U.S. Census Bureau

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