Quantcast

Gem State Wire

Saturday, November 16, 2024

Idaho’s license tax revenue up 3.9 percent in Q3 since the same quarter of the previous year

Adobestock 286468482

Adobe Stock

Adobe Stock

Idaho collected $106 million in license taxes during the third quarter of 2021, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

This is a 3.9 percent increase over the same quarter of the previous year when license tax revenue was $102 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, Idaho collected $1.6 billion in combined tax revenues during the third quarter of 2021.

Q3 Idaho Tax Collections

Type of TaxAmount (in millions of dollars)
License Taxes$106
Income Taxes$597
Other Taxes$2
Sales and Gross Receipts Taxes$922

Source: U.S. Census Bureau

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS