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Saturday, September 21, 2024

South Carolina's miscellaneous tax revenues up 3.9% since Q2 2023

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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 $160 million in miscellaneous tax revenue during the second quarter of 2023, a 3.9% increase over the same period the previous year when $154 million was reported, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

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 2023 South Carolina Tax Collections

Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$1,951
Income Taxes$2,016
License Taxes$98
Miscellaneous Taxes$160

Source: U.S. Census Bureau

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