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Saturday, November 16, 2024

Nevada's miscellaneous tax revenues up 3,300% in Q4 2021

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Anthony Wren Tax Commissioner at State of Nevada Department of Taxation | State of Nevada Department of Taxation

Anthony Wren Tax Commissioner at State of Nevada Department of Taxation | State of Nevada Department of Taxation

Nevada collected $204 million in miscellaneous tax revenue during the fourth quarter of 2021, a 3,300% increase over the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $6 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.

Q4 2021 Nevada Tax Collections

Type of TaxAmount (millions)
Property Taxes$369
Sales and Gross Receipts Taxes$1,798
License Taxes$152
Miscellaneous Taxes$204

Source: U.S. Census Bureau

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