Combined tax revenues in South Dakota remained unchanged in the first quarter of 2022 in comparison to the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.
Overall, South Dakota collected $602 million in taxes during the first quarter of 2022, compared to $602 million in the previous quarter.
The majority of the state’s tax revenue was collected through general sales and gross receipts taxes ($501 million) and corporations in general license ($85 million).
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 | $501 |
| License Taxes | $85 |
| Income Taxes | $14 |
| Other Taxes | $2 |
Source: U.S. Census Bureau
