Virginia's miscellaneous tax revenues down 7.7 percent since Q1 2019

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Virginia collected $120 million in miscellaneous tax revenue during the first quarter of 2019, a 7.7 percent decrease over the previous quarter when $130 million was reported, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

Net sales reflect companies’ total revenue stream, minus the costs of such things as discounts, allowances and product returns.

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.

Q1 Virginia Tax Collections
Type of TaxAmount (millions)
Property Taxes-$3
Sales and Gross Receipts Taxes$1,732
Income Taxes$3,570
License Taxes$238
Other Taxes$120
Source: U.S. Census Bureau

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