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Thursday, November 7, 2024

Michigan reports $86 million in miscellaneous tax revenues in Q4 2020

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Michigan collected $86 million in miscellaneous tax revenue during the 4th quarter of 2020, 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.

4th Quarter Michigan Tax Collections

Type of TaxAmount (in millions of dollars)
Property Taxes$1,494
Sales and Gross Receipts Taxes$3,656
Income Taxes$3,102
License Taxes$452
Other Taxes$86
Source: U.S. Census Bureau

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