Utah placed 46th in U.S. ranking for corporations in general license taxes collected in 2024

Lt. Governor Deidre M. Henderson
Lt. Governor Deidre M. Henderson
0Comments

In 2024, Utah collected $131,000 in corporations in general license taxes, placing it 46th among all U.S. states, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

This marked a 50.8% decrease from the $266,000 generated in the previous year.

For comparison, Delaware topped the national rankings in 2024, collecting $2.3 billion in corporations in general license taxes.

The State Government Tax Collections (STC) survey tracks five major tax categories and up to 25 subcategories, gathering data from all 50 state governments and their dependent agencies.

The Census Bureau notes that it defines tax classifications consistently across states, which may differ from how individual states categorize them.

All figures in this article reflect taxes collected by state governments only, based on the STC. They do not include local taxes, such as most property taxes, which make up a significant portion of overall taxes paid by residents.

According to the U.S. Census Bureau, state and local governments collect a wide range of taxes to fund public programs and services. These revenues are typically allocated to areas such as transportation, education, and public safety. In 2024, state tax collections alone amounted to nearly $1.5 trillion nationwide, representing a significant part of overall government operations.

The amount each state collects depends on its tax rates, bases, and policy priorities. In 2023, North Dakota topped the list with the largest state tax collection per capita at $7,715.71, followed by Hawaii ($7,098.72) and Vermont ($6,948.15), according to the U.S. Census Bureau.

U.S. Corporations in General License Taxes by State in 2024
Rank State Amount
1 Delaware $2,344,614,000
2 Tennessee $1,496,844,000
3 North Carolina $881,635,000
4 New Jersey $706,775,000
5 Louisiana $695,669,000
6 Florida $391,543,000
7 Illinois $353,608,000
8 Ohio $237,032,000
9 Mississippi $224,345,000
10 Alabama $219,000,000
11 South Carolina $188,148,000
12 Texas $163,578,000
13 Maryland $145,619,000
14 Kentucky $122,354,000
15 Iowa $116,157,000
16 California $101,686,000
17 New Hampshire $92,721,000
18 Nevada $92,206,000
19 Virginia $81,818,000
20 Washington $62,773,000
21 Oklahoma $57,284,000
22 Georgia $57,159,000
23 Oregon $54,818,000
24 Arkansas $39,370,000
25 Michigan $37,476,000
26 Connecticut $37,371,000
27 Wisconsin $30,810,000
28 Arizona $30,081,000
29 Wyoming $29,733,000
30 Massachusetts $28,577,000
31 Colorado $27,931,000
32 Kansas $24,532,000
33 Minnesota $17,464,000
34 Maine $14,791,000
35 Indiana $12,620,000
36 Nebraska $12,538,000
37 South Dakota $8,284,000
38 Rhode Island $7,848,000
39 Idaho $6,115,000
40 New Mexico $4,663,000
41 Montana $3,291,000
42 Vermont $3,287,000
43 Pennsylvania $3,219,000
44 Hawaii $2,937,000
45 West Virginia $1,961,000
46 Utah $131,000

Information in this story was obtained from the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC). The source data can be found here.



Related

John Curtis, U.S. Senator from Utah

Senator John Curtis hosts small business and innovation expo in Utah

Senator John Curtis hosted a small business expo at Davis Technical College highlighting entrepreneurship across Utah. The event brought together leaders from government agencies and local organizations while discussing policy support for innovation.

John Curtis, U.S. Senator from Utah

Curtis discusses Utah’s nuclear energy future and calls for state empowerment in federal policy

Senator John Curtis spoke at a Senate committee hearing about empowering states like Utah in shaping federal nuclear policy. He pressed Nuclear Regulatory Commission leaders about streamlining regulations and supporting small municipal applicants interested in clean energy projects.

John Curtis, U.S. Senator from Utah

Curtis and Bennet lead bipartisan letter affirming U.S. commitments to Taiwan

Senators John Curtis (R-UT) and Michael Bennet (D-CO) led a bipartisan letter urging continued adherence to longstanding U.S.-Taiwan policy ahead of an upcoming summit between President Trump and China’s leader Xi Jinping. The lawmakers emphasized that supporting Taiwan under current laws is vital for regional stability.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Beehive State News.