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Saturday, May 18, 2024

Ohio's miscellaneous tax revenues down 6.3% in Q2 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 $15 million in miscellaneous tax revenue during the second quarter of 2023, a 6.3% decrease from the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $16 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.

Q2 2023 Ohio Tax Collections

Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$6,265
Income Taxes$3,463
License Taxes$560
Miscellaneous Taxes$15

Source: U.S. Census Bureau

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