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Tuesday, April 15, 2025

Q1 2024: Connecticut's combined tax revenues up 13.5% since Q4 2023

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Mark D. Boughton Commissioner of Revenue at Connecticut Department of Revenue Services | Connecticut Department of Revenue Services

Mark D. Boughton Commissioner of Revenue at Connecticut Department of Revenue Services | Connecticut Department of Revenue Services

Connecticut collected $5.8 billion in total tax revenues during the first quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

These tax revenues stem from various sources, including property tax, sales and gross receipts tax, licenses, income tax, and miscellaneous tax.

The majority of the state’s tax revenue was collected through income taxes ($3.4 billion) and general sales and gross receipts taxes ($2.2 billion).

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.

Q1 2024 Connecticut Tax Collections
Type of TaxAmount (millions)
Income Taxes$3,379
Sales and Gross Receipts Taxes$2,247
License Taxes$104
Other Taxes$70

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