Ohio’s license tax revenue down 7.2% in Q4 compared to previous quarter

Patricia Harris Tax Commissioner at Ohio Department of Taxation
Patricia Harris Tax Commissioner at Ohio Department of Taxation
0Comments

Ohio collected $414 million in license taxes during the fourth quarter of 2024, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

This represents a 7.2% decrease from the previous quarter, when license tax revenue was $446 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 that it sets the tax classifications among the survey categories, and they may differ from the classifications set by state governments.

Overall, Ohio collected $10.1 billion in combined tax revenues in Q4.

Q4 Ohio Tax Collections
Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$6,945
Income Taxes$2,682
License Taxes$414
Other Taxes$16
Information in this article was obtained from the U.S. Census Bureau. The source data can be found here.



Related

Brian Ball

Mount Vernon hiring experts to clean up coal waste, asbestos

Mount Vernon City Council approved hiring a qualified firm for brownfield remediation at two major projects following an April 13 vote.

Tanner Salyers

Mount Vernon requires recycling as often as trash pickup

The Mount Vernon City Council amended its ordinances on April 13 to require garbage haulers collect recyclables at the same frequency as regular trash pickup.

Mount Vernon City Council John Ruckman Second Ward

Mount Vernon shifts taxicab regulations to Utilities Commission

The Mount Vernon City Council has moved regulation of taxi cab companies and drivers under its Utilities Commission following an April 13 vote.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Buckeye Reporter.