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Connecticut's miscellaneous tax revenues down 8.4% in Q4 2023

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Mark D. Boughton Commissioner of Revenue at Connecticut Department of Revenue Services | Connecticut Department of Revenue Services

Mark D. Boughton Commissioner of Revenue at Connecticut Department of Revenue Services | Connecticut Department of Revenue Services

Connecticut collected $109 million in miscellaneous tax revenue during the fourth quarter of 2023, an 8.4% decrease from the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $119 million in the previous quarter.

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.

Q4 2023 Connecticut Tax Collections

Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$2,292
Income Taxes$2,611
License Taxes$100
Miscellaneous Taxes$109

Source: U.S. Census Bureau

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