Quantcast

Cornhusker State News

Friday, January 17, 2025

Nebraska: Individual income tax revenue up 27.4% as of Q4 2023 compared to Q4 2022

Webp l2kgdnho5v6r3w2a2dhdnoox4wns

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 $894 million in individual income taxes during the fourth quarter of 2023, a 27.4% increase over the same period in the previous year, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

In the fourth quarter of 2022, $702 million was collected in individual income taxes.

Individual income taxes are based on net personal income and taxes imposed on such income as dividends, interest and income from intangibles.

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 state governments.

Overall, Nebraska collected $2.5 billion in combined tax revenues in the fourth quarter of 2023.

Q4 2023 Nebraska Tax Collections

Type of TaxAmount (in millions of dollars)
Property Taxes$0
Sales and Gross Receipts Taxes$926
License Taxes$45
Individual Income Taxes$894
Total Income Taxes$1,488
Other Taxes$7

Source: U.S. Census Bureau

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS