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Maryland State Wire

Sunday, November 24, 2024

Maryland's miscellaneous tax revenues down 11.8% since Q2 2023

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Brook E. Lierman, Maryland Comptroller | Comptroller of Maryland

Brook E. Lierman, Maryland Comptroller | Comptroller of Maryland

Maryland collected $268 million in miscellaneous tax revenue during the second quarter of 2023, an 11.8% decrease from the same period the previous year when $304 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.

Q2 2023 Maryland Tax Collections

Type of TaxAmount (millions)
Property Taxes$325
Sales and Gross Receipts Taxes$4,251
Income Taxes$3,941
License Taxes$323
Miscellaneous Taxes$268

Source: U.S. Census Bureau

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