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Buckeye Reporter

Wednesday, December 4, 2024

Ohio's license tax revenue up 2.7% in Q2 compared to same quarter of the previous year

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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 $575 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.

This represents a 2.7% increase over the same quarter the previous year, when license tax revenue was $560 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 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 Q2.

Q2 Ohio Tax Collections

Type of TaxAmount (millions)
Income Taxes$2,908
License Taxes$575
Other Taxes$15
Sales and Gross Receipts Taxes$6,370

Source: U.S. Census Bureau

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