Quantcast

Palmetto State News

Wednesday, November 6, 2024

South Carolina's miscellaneous tax revenues up 37.3% in Q4 2021

Webp 1qhik4scln50km2bk9lgy6q55y65

W. Hartley Powell, Director of Department of Revenue at South Carolina Department of Revenue | South Carolina Department of Revenue

W. Hartley Powell, Director of Department of Revenue at South Carolina Department of Revenue | South Carolina Department of Revenue

South Carolina collected $151 million in miscellaneous tax revenue during the fourth quarter of 2021, a 37.3% increase over the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $110 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 2021 South Carolina Tax Collections

Type of TaxAmount (millions)
Property Taxes$13
Sales and Gross Receipts Taxes$1,661
Income Taxes$2,004
License Taxes$176
Miscellaneous Taxes$151

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