Rachael Eubanks State Treasurer at Michigan Department of Treasury | Michigan Department of Treasury
Rachael Eubanks State Treasurer at Michigan Department of Treasury | Michigan Department of Treasury
Overall, Michigan collected $10.5 billion in taxes during the third quarter of 2024, compared to $9.9 billion in the previous quarter.
The majority of the state’s tax revenue was collected through general sales and gross receipts taxes ($4.9 billion) and income taxes ($4.2 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.
| Type of Tax | Amount (millions) |
|---|---|
| Sales and Gross Receipts Taxes | $4,900 |
| Income Taxes | $4,176 |
| Property Taxes | $730 |
| License Taxes | $543 |
| Other Taxes | $126 |
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