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Monday, November 25, 2024

Michigan collects $5.2 billion in sales and gross receipt tax revenue in Q3 2021

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Michigan collected $5.2 billion in sales and gross receipt taxes during the third quarter of 2021, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Overall, Michigan collected $10.1 billion in combined tax revenues in the latest quarter.

Sales and gross receipt taxes include taxes on licenses, alcohol, amusements, insurance, fuel, parimutuels, public utilities and tobacco products.

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.

3rd Quarter Michigan Tax Collections

Type of TaxAmount (in millions)
License Taxes$580
Sales and Gross Receipts Taxes$5,183
Property Taxes$695
Income Taxes$3,473
Other Taxes$159

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