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Gem State Wire

Thursday, September 19, 2024

Idaho collects $130 million in license tax revenue in Q4

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Jeff McCray, Chairman of Tax Commission | Illinois Department of Revenue

Jeff McCray, Chairman of Tax Commission | Illinois Department of Revenue

Idaho collected $130 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, Idaho collected $2 billion in combined tax revenues in Q4.

Q4 Idaho Tax Collections

Type of TaxAmount (millions)
Income Taxes$881
License Taxes$130
Other Taxes$1
Sales and Gross Receipts Taxes$946

Source: U.S. Census Bureau

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