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Thursday, November 21, 2024

South Dakota's miscellaneous tax revenues up 200% in Q3 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 $3 million in miscellaneous tax revenue during the third quarter of 2023, a 200% increase over the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $1 million in the previous quarter.

Net sales reflect companies' total revenue stream, minus the costs of 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.

Q3 2023 South Dakota Tax Collections

Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$613
Income Taxes$2
License Taxes$78
Miscellaneous Taxes$3

Source: U.S. Census Bureau

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