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Wednesday, November 6, 2024

Indiana ranks 38th in the U.S. for the most corporations in general license paid in 2021

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In 2021, Indiana collected $11.8 million in corporations in general license, ranking it 38th in the United States, according to the U.S. Census Bureau's Annual Survey of State Government Tax Collections (STC).

The STC survey includes five broad tax categories and up to 25 subcategories. Data is gathered from all 50 state governments and all dependent state-level entities.

The Census Bureau cautions it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Below is a breakdown of how taxes were classified by the bureau and how much was collected.

U.S. corporations in general license by State in 2021
RankStateAmount
1Delaware$1,822,622,000
2Tennessee$1,381,686,000
3Oregon$1,231,713,000
4North Carolina$990,019,000
5Florida$535,900,000
6New Jersey$517,923,000
7Illinois$401,332,000
8Ohio$277,431,000
9Texas$259,538,000
10Louisiana$237,606,000
11Mississippi$213,898,000
12Alabama$187,666,000
13Maryland$168,085,000
14South Carolina$148,137,000
15Kentucky$116,242,000
16Nevada$87,976,000
17California$87,904,000
18New Hampshire$80,162,000
19Virginia$76,769,000
20Georgia$66,937,000
21Iowa$64,639,000
22Oklahoma$55,849,000
23Washington$50,387,000
24New Mexico$42,949,000
25District of Columbia$37,014,000
26Michigan$33,845,000
27Connecticut$33,456,000
28Arkansas$32,373,000
29Kansas$32,099,000
30Wisconsin$29,288,000
31Arizona$28,484,000
32Massachusetts$27,548,000
33Colorado$25,975,000
34Wyoming$17,751,000
35Minnesota$16,055,000
36Pennsylvania$15,125,000
37Maine$15,039,000
38Indiana$11,810,000
39South Dakota$7,398,000
40Montana$7,279,000
41Rhode Island$7,034,000
42Nebraska$6,988,000
43Idaho$5,381,000
44Vermont$3,185,000
45Hawaii$2,203,000
46New York$879,000
47West Virginia$756,000
48Utah$465,000
Source: U.S. Census Bureau

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