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Maryland State Wire

Thursday, November 21, 2024

Maryland's miscellaneous tax revenues down 35.3% since Q1 2023

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Brook E. Lierman, Maryland Comptroller | Comptroller of Maryland

Brook E. Lierman, Maryland Comptroller | Comptroller of Maryland

Maryland collected $139 million in miscellaneous tax revenue during the first quarter of 2023, a 35.3% decrease from the same period the previous year when $215 million was reported, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

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 2023 Maryland Tax Collections

Type of TaxAmount (millions)
Property Taxes$7
Sales and Gross Receipts Taxes$3,366
Income Taxes$3,670
License Taxes$323
Miscellaneous Taxes$139

Source: U.S. Census Bureau

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