Quantcast

Aloha State News

Wednesday, December 4, 2024

Q4 2023 Tax Revenue: Hawaii collects $2 billion in sales and gross receipt tax

Webp zy7f9wbyutujmucsh53um53n3cpi

Gary S. Suganuma Tax Commissioner at Hawaii Department of Taxation | Hawaii Department of Taxation

Gary S. Suganuma Tax Commissioner at Hawaii Department of Taxation | Hawaii Department of Taxation

Hawaii collected $2 billion in sales and gross receipt taxes during the fourth quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Overall, Hawaii's combined tax revenues reached $3.3 billion during the year, as of fourth quarter of 2023.

Sales and gross receipt taxes include taxes on licenses, alcohol, amusements, insurance, fuel, parimutuels, public utilities and tobacco products.

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.

Q4 2023 Hawaii Tax Collections

Type of TaxAmount (millions)
License Taxes$84
Sales and Gross Receipts Taxes$1,989
Income Taxes$1,186
Other Taxes$44

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS