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The majority of the state’s tax revenue was collected through property, individual income taxes ($3.7 billion) and general sales and gross receipts taxes ($3.4 billion).
This is a 4.7 percent increase from the previous quarter when $7.4 billion was reported.
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 North Carolina Tax Collections
Type of Tax | Amount (millions) |
---|---|
Property Taxes | $0 |
Sales and Gross Receipts Taxes | $3,378 |
Income Taxes | $3,738 |
License Taxes | $578 |
Other Taxes | $29 |