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Thursday, November 21, 2024

South Dakota's miscellaneous tax revenues down 50% since Q1 2023

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Michael Houdyshell South Dakota Secretary Department of Revenue | South Dakota Department of Revenue

Michael Houdyshell South Dakota Secretary Department of Revenue | South Dakota Department of Revenue

South Dakota collected $1 million in miscellaneous tax revenue during the first quarter of 2023, a 50% decrease from the same period the previous year when $2 million was reported, 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.

Q1 2023 South Dakota Tax Collections

Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$526
Income Taxes$12
License Taxes$87
Miscellaneous Taxes$1

Source: U.S. Census Bureau

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