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Newark Reporter

Friday, November 15, 2024

New Jersey's miscellaneous tax revenues up 1.5 percent since Q2 2018

New Jersey collected $337 million in miscellaneous tax revenue during the 2nd quarter of 2019, a 1.5 percent increase over the same period the previous year when $332 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.

2nd Quarter New Jersey Tax Collections

Type of TaxAmount (in millions of dollars)
Property Taxes$0
Sales and Gross Receipts Taxes$5,887
Income Taxes$7,621
License Taxes$554
Other Taxes$337
Source: U.S. Census Bureau

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