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Buckeye Reporter

Saturday, November 23, 2024

Ohio collects $668 million in license tax revenue in Q1

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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 $668 million in license taxes during the first quarter of 2024, 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 $8.7 billion in combined tax revenues in Q1.

Q1 Ohio Tax Collections

Type of TaxAmount (millions)
Income Taxes$1,853
License Taxes$668
Other Taxes$15
Sales and Gross Receipts Taxes$6,085

Source: U.S. Census Bureau

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