Old Dominion News

Virginia collected $240 million in miscellaneous tax revenue during the third quarter of 2020, a 35.6 percent increase over the previous quarter when $177 million was reported, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

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.

Type of Tax	Amount (millions)
Sales and Gross Receipts Taxes	$2,408
Income Taxes	$4,203
License Taxes	$245
Other Taxes	$240

Source: U.S. Census Bureau