Indiana's income tax revenue down 40.9 percent since 1st quarter 2018

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Indiana collected $1.2 billion in individual income taxes during the 1st quarter of 2019, a 40.9 percent decrease over the same period the previous year, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

In the first quarter of 2018, $2 billion was collected.

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 state governments.

Overall, Indiana collected $4.2 billion in combined tax revenues in the first quarter of 2019.

1st quarter Indiana Tax Collections
Type of TaxAmount (in millions of dollars)
Property Taxes$3
Sales and Gross Receipts Taxes$2,775
License Taxes$185
Income Taxes$1,214
Other Taxes$0
Source: US Census Bureau

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