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Hoosier State Today

Wednesday, December 4, 2024

Indiana's license tax revenue up 1.2% in Q2 compared to same quarter of the previous year

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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 $251 million in license taxes during the second quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

This represents a 1.2% increase over the same quarter the previous year, when license tax revenue was $248 million.

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 $9.3 billion in combined tax revenues in Q2.

Q2 Indiana Tax Collections

Type of TaxAmount (millions)
Income Taxes$4,445
License Taxes$251
Other Taxes$131
Property Taxes$0
Sales and Gross Receipts Taxes$4,500

Source: U.S. Census Bureau

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