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Sunday, December 22, 2024

Utah collects $85 million in license tax revenue in Q4

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Utah State Tax Commissioner Scott W. Smith | Utah State Tax Commission

Utah State Tax Commissioner Scott W. Smith | Utah State Tax Commission

Utah collected $85 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, Utah collected $4 billion in combined tax revenues in Q4.

Q4 Utah Tax Collections

Type of TaxAmount (millions)
Income Taxes$2,305
License Taxes$85
Other Taxes$31
Sales and Gross Receipts Taxes$1,584

Source: U.S. Census Bureau

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