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Saturday, December 21, 2024

Indiana collects $194 million in license tax revenue in Q4

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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

Indiana collected $194 million in license taxes during the fourth quarter of 2023, 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 it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments. Also, not all states collect all types of taxes.

Overall, Indiana collected $7.1 billion in combined tax revenues in Q4.

Q4 Indiana Tax Collections

Type of TaxAmount (millions)
Income Taxes$2,893
License Taxes$194
Other Taxes$56
Property Taxes$0
Sales and Gross Receipts Taxes$3,902

Source: U.S. Census Bureau

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