Indiana collects $206 million in license tax revenue in Q4

Bob Grennes Commissioner of Revenue at Indiana Department of Revenue - Indiana Department of Revenue
Bob Grennes Commissioner of Revenue at Indiana Department of Revenue - Indiana Department of Revenue
0Comments

Indiana collected $206 million in license taxes during the fourth quarter of 2024, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

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, Indiana collected $6.3 billion in combined tax revenues in Q4.

Q4 Indiana Tax Collections
Type of Tax Amount (millions)
Sales and Gross Receipts Taxes $3,989
Income Taxes $2,092
License Taxes $206
Property Taxes $0
Other Taxes $0

Information in this article was obtained from the U.S. Census Bureau. The source data can be found here.



Related

Lt. Governor Jeanette M. Nuñez - Governor Ron DeSantis Offcial Website

Indiana sees 21.6% drop in corporation net income taxes collections in 2024

Out of the $26.1 billion in total tax revenue collected by Indiana in 2024, $965.1 million came from corporation net income taxes, representing a decrease from the previous year, when the total was $1.2 billion, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Senator Todd Young, US Senator for Indiana - Official U.S. Senate headshot

Senators call for expanded federal data tracking AI’s effects on U.S. jobs

U.S. Senator Todd Young (R-Ind.) and a bipartisan group of senators have called on federal agencies to expand data collection and reporting on the impact of artificial intelligence (AI) on the American workforce.

John E. Childress Acting United States Attorney for the Southern District of Indiana - Department of Justice

Federal court sentences six previously deported felons for illegal reentry in Indiana

Six individuals, all previously deported and convicted felons, have been sentenced to federal prison for illegal reentry in the Southern District of Indiana.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Hoosier State Today.