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Thursday, November 21, 2024

Q3 2023: Nebraska's combined tax revenues down 8.7% since Q2 2023

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Glen A. White Interim Tax Commissioner at Nebraska Department of Revenue | Nebraska Department of Revenue

Glen A. White Interim Tax Commissioner at Nebraska Department of Revenue | Nebraska Department of Revenue

Nebraska collected $1.9 billion in total tax revenues during the third quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

These tax revenues stem from various sources, including property tax, sales and gross receipts tax, licenses, income tax, and miscellaneous tax.

The majority of the state’s tax revenue was collected through income taxes ($960 million) and general sales and gross receipts taxes ($904 million).

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 Nebraska Tax Collections
Type of TaxAmount (millions)
Income Taxes$960
Sales and Gross Receipts Taxes$904
License Taxes$46
Other Taxes$7

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