Taxes News
Individual income tax revenue down 17.7% from previous quarter in Maryland
The third quarter of 2023 brought in $2.5 billion in individual income tax revenue for Maryland, a 17.7% decrease from the second quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
Tax Revenue Analysis: Maryland collects $2.3 billion in sales and gross receipt tax during Q3 2023
Maryland collected $2.3 billion in tax and gross receipts, a 45.2% decrease from the second quarter of 2023, according to the U.S. Census Bureau