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Sunday, May 19, 2024

Rhode Island's miscellaneous tax revenues down 20% since Q3 2023

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Rhode Island Division of Taxation - Thomas Verdi Director of Department of Revenue | Rhode Island Division of Taxation

Rhode Island Division of Taxation - Thomas Verdi Director of Department of Revenue | Rhode Island Division of Taxation

Rhode Island collected $16 million in miscellaneous tax revenue during the third quarter of 2023, a 20% decrease from the same period the previous year when $20 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.

Q3 2023 Rhode Island Tax Collections

Type of TaxAmount (millions)
Property Taxes$1
Sales and Gross Receipts Taxes$593
Income Taxes$521
License Taxes$35
Miscellaneous Taxes$16

Source: U.S. Census Bureau

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