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Friday, November 15, 2024

Mississippi's miscellaneous tax revenues unchanged in Q1 2022

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Chris Graham, Commissioner of Revenue | Mississippi Department of Revenue

Chris Graham, Commissioner of Revenue | Mississippi Department of Revenue

Mississippi collected $12 million in miscellaneous tax revenue during the first quarter of 2022, unchanged from the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

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.

Q1 2022 Mississippi Tax Collections

Type of TaxAmount (millions)
Property Taxes$25
Sales and Gross Receipts Taxes$1,499
Income Taxes$617
License Taxes$128
Miscellaneous Taxes$12

Source: U.S. Census Bureau

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