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Saturday, December 21, 2024

Ohio collects $388 million in license tax revenue in Q4

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Patricia Harris Tax Commissioner at Ohio Department of Taxation | Ohio Department of Taxation

Patricia Harris Tax Commissioner at Ohio Department of Taxation | Ohio Department of Taxation

Ohio collected $388 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, Ohio collected $9.9 billion in combined tax revenues in Q4.

Q4 Ohio Tax Collections

Type of TaxAmount (millions)
Income Taxes$2,448
License Taxes$388
Other Taxes$16
Sales and Gross Receipts Taxes$7,033

Source: U.S. Census Bureau

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