Old Dominion News

Virginia collected $260 million in miscellaneous tax revenue during the fourth quarter of 2020, a 8.3 percent increase over the previous quarter when $240 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	$2,791
Income Taxes	$4,090
License Taxes	$249
Other Taxes	$260

Source: U.S. Census Bureau