Quantcast

Palmetto State News

Sunday, September 22, 2024

South Carolina's miscellaneous tax revenues up 50.9% in Q2

Adobestock 221016184

Adobe Stock

Adobe Stock

South Carolina collected $169 million in miscellaneous tax revenue during the second quarter of 2021, a 50.9 percent increase over the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

$112 million was reported 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.

Q2 South Carolina Tax Collections
Type of TaxAmount (millions)
Property Taxes$8
Sales and Gross Receipts Taxes$1,656
Income Taxes$1,788
License Taxes$84
Other Taxes$169
Source: U.S. Census Bureau

ORGANIZATIONS IN THIS STORY

!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