Taxes News
Lower individual income tax revenue in Utah during Q3 2024
The third quarter of 2024 brought in $1.3 billion in individual income tax revenue for Utah, a 42.8% decrease from the second quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
Utah's license tax revenue up 20% in Q2 compared to same quarter of the previous year
Utah collected $120 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.