Old North News

North Carolina collected $27 million in miscellaneous tax revenue during the fourth quarter of 2020, a 3.8 percent increase over the previous quarter when $26 million was reported, 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.

Type of Tax	Amount (millions)
Sales and Gross Receipts Taxes	$3,482
Income Taxes	$3,269
License Taxes	$599
Other Taxes	$27

Source: U.S. Census Bureau