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Tuesday, November 5, 2024

South Carolina's miscellaneous tax revenues down 68.6% since Q3 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 $33 million in miscellaneous tax revenue during the third quarter of 2023, a 68.6% decrease from the same period the previous year when $105 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.

Q3 2023 South Carolina Tax Collections

Type of TaxAmount (millions)
Property Taxes$10
Sales and Gross Receipts Taxes$1,658
Income Taxes$1,955
License Taxes$208
Miscellaneous Taxes$33

Source: U.S. Census Bureau

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