Vermont Tax Commissioner Craig Bolio | Vermont Department of Taxes
Vermont Tax Commissioner Craig Bolio | Vermont Department of Taxes
The previous quarter's individual income tax revenue was $275 million.
Individual income taxes are based on net personal income and taxes imposed on such income as dividends, interest, and income from intangibles.
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.
Overall, Vermont collected $783 million in combined tax revenues in the the first quarter of 2023, a decrease from the $862 million collected in the previous quarter.
| Type of Tax | Amount (millions) |
|---|---|
| Property Taxes | -$21 |
| Sales and Gross Receipts Taxes | $401 |
| Individual Income Taxes | $239 |
| Corporation Net Income Taxes | $86 |
| License Taxes | $45 |
| Other Taxes | $31 |
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