Indiana’s license tax revenue down 4.3 percent in Q1 since the previous quarter

Indiana’s license tax revenue down 4.3 percent in Q1 since the previous quarter

Government
Webp adobestock 298161024
Adobe Stock

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

Indiana collected $199 million in license taxes during the first quarter of 2021, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

This is a 4.3 percent decrease from the previous quarter when license tax revenue was $208 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 $5.7 billion in combined tax revenues during the first quarter of 2021.

Q1 Indiana Tax Collections

Type of TaxAmount (in millions of dollars)
License Taxes$199
Income Taxes$2,362
Other Taxes$32
Property Taxes$3
Sales and Gross Receipts Taxes$3,119

Source: U.S. Census Bureau

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

MORE NEWS