Connecticut's income tax revenue down 21.7 percent since 2nd quarter 2018

Connecticut collected $2.8 billion in individual income taxes during the 2nd quarter of 2019, a 21.7 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 second quarter of 2018, $3.5 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, Connecticut collected $5.6 billion in combined tax revenues in the second quarter of 2019.

2nd quarter Connecticut Tax Collections
Type of Tax
Amount (in millions of dollars)
Sales and Gross Receipts Taxes
$1,868
License Taxes
$111
Income Taxes
$3,496
Other Taxes
$121
Source: US Census Bureau

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