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North Carolina sees no change in individual income tax revenue as of Q4 2022 compared to Q4 2021

North Carolina collected $3.8 billion in individual income taxes during the fourth quarter of 2022, unchanged from the same period in the previous year, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Individual income taxes are based on net personal income and taxes imposed on such income as dividends, interest and income from intangibles.

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 state governments.

Overall, North Carolina collected $9.1 billion in combined tax revenues in the fourth quarter of 2022.

Q4 2022 North Carolina Tax Collections

Type of TaxAmount (in millions of dollars)
Sales and Gross Receipts Taxes$4,330
License Taxes$698
Individual Income Taxes$3,822
Total Income Taxes$4,002
Other Taxes$30

Source: U.S. Census Bureau

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