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Saturday, January 18, 2025

Nebraska's combined tax revenues down 8.7% from Q2 to Q3 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

Combined tax revenues in Nebraska decreased 8.7% in the third quarter of 2023 in comparison to the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

Overall, Nebraska collected $1.9 billion in taxes during the third quarter of 2023, compared to $2.1 billion in the previous quarter.

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 Nebraska Tax Collections
Type of TaxAmount (millions)
Income Taxes$960
Sales and Gross Receipts Taxes$904
License Taxes$46
Other Taxes$7
Source: U.S. Census Bureau

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