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Sunshine Sentinel

Tuesday, December 24, 2024

Florida's combined tax revenues up 13.6% from Q1 to Q2 2022

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Jim Zingale, Commissioner of Revenue | Florida Department of Revenue

Jim Zingale, Commissioner of Revenue | Florida Department of Revenue

Combined tax revenues in Florida increased 13.6% in the second quarter of 2022 in comparison to the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

Overall, Florida collected $17.1 billion in taxes during the second quarter of 2022, compared to $15.1 billion in the previous quarter.

The majority of the state’s tax revenue was collected through general sales and gross receipts taxes ($13.1 billion) and corporation net income taxes ($1.9 billion).

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 Florida Tax Collections
Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$13,091
Income Taxes$1,862
Other Taxes$1,729
License Taxes$417
Source: U.S. Census Bureau

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