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Maryland State Wire

Monday, May 6, 2024

Maryland's miscellaneous tax revenues up 67.3% in Q4 2021

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Brook E. Lierman, Maryland Comptroller | Comptroller of Maryland

Brook E. Lierman, Maryland Comptroller | Comptroller of Maryland

Maryland collected $246 million in miscellaneous tax revenue during the fourth quarter of 2021, a 67.3% increase over the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $147 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.

Q4 2021 Maryland Tax Collections

Type of TaxAmount (millions)
Property Taxes$162
Sales and Gross Receipts Taxes$3,622
Income Taxes$3,199
License Taxes$272
Miscellaneous Taxes$246

Source: U.S. Census Bureau

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