Tax
State & Local Tax (Current)
General Mills State & Local Tax (Current) remained flat by 0.0% to $20.03M in Q1 2025 compared to the prior quarter. Year-over-year, this metric grew by 11.3%, from $18.00M to $20.03M. Over 4 years (FY 2021 to FY 2025), State & Local Tax (Current) shows an upward trend with a 14.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionTax
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2021
Last reportedQ4 2025Jun 26, 2025
How to read this metric
Increases may reflect expansion into higher-tax jurisdictions or changes in regional tax legislation.
Detailed definition
The portion of the total income tax provision that is currently payable to state and local government jurisdictions. Thi...
Peer comparison
Standard tax disclosure for companies with significant domestic regional footprints.
Metric ID:
msft_current_state_and_local_tax_expenseHistorical Data
5 years
| FY'21 | FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|---|
| Value | $47.50M | $60.80M | $82.20M | $72.00M | $80.10M |
| YoY Change | — | +28.0% | +35.2% | -12.4% | +11.3% |
Range$47.50M – $82.20M
CAGR+14.0%
Avg YoY Growth+15.5%
Median YoY Growth+19.6%
State & Local Tax (Current) at Other Companies
Frequently Asked Questions
- What is General Mills's state & local tax (current)?
- General Mills (GIS) reported state & local tax (current) of $20.03M in Q1 2025.
- How has General Mills's state & local tax (current) changed year-over-year?
- General Mills's state & local tax (current) increased by 11.3% year-over-year, from $18.00M to $20.03M.
- What is the long-term trend for General Mills's state & local tax (current)?
- Over 4 years (2021 to 2025), General Mills's state & local tax (current) has grown at a 14.0% compound annual growth rate (CAGR), from $47.50M to $80.10M.
- What does state & local tax (current) mean?
- The amount of state and local income tax currently owed for the period.